Title
A Resolution Authorizing a Land Exchange between The City of Colorado Springs, Cloud Family Partnership, LLLP; and CSFM RE LLC Parcels
Presenter:
Richard Mulledy, PE, Stormwater Division Manager - City of Colorado Springs
Tim Biolchini, PE, Stormwater Projects Coordinator - City of Colorado Springs
Beau Thompson, PE, Civil Engineer III - City of Colorado Springs
Body
Summary:
As part of the Intergovernmental Agreement ("IGA)" with Pueblo, the City of Colorado Springs Stormwater Enterprise is proceeding with the Sand Creek Stabilization (West Fork and Main Stem) Project (the "Project") located southwest of East Platte Avenue and South Powers Boulevard.
This Resolution seeks City Council approval for a proposed land exchange for a portion of the 60-foot-wide Karr Road right-of-way located between East Platte Avenue and Sand Creek owned by the City of Colorado Springs ("City") and two parcels owned by the Cloud Family Partnership, LLLP ("Cloud") and to waive the requirement for appraisals for both Cloud Exchange Properties and the City Exchange Property.
A portion of this exchange will result in a portion of the Karr Road right-of-way being conveyed to CSFM RE, LLC ("CSFM").
Background:
This portion of Karr Road was originally granted to El Paso County in Deeds recorded June 10, 1958 in Book 1682 at page 598, and Book 1682 Book 599, and subsequently conveyed to the City of Colorado Springs in Quitclaim Deed recorded June 30, 2020 at Reception No. 220092936, for the purpose of constructing and maintaining a public highway (the "City Exchange Property") shown on Exhibit A. This portion of Karr Road is under the control of the City's Public Works Department ("Public Works"). No public road or highway has ever existed upon the right-of-way described in the aforementioned Deeds.
Cloud owns 4.749-acres and 0.766-acre fee simple parcels being portions of El Paso County Tax Schedule Nos. 6413000139 and 6413000141 located southeast of East Platte ...
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