HomeMy WebLinkAbout2000 Ordinance No. 059• I '
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ORDINANCE NO . $J._
SERIES OF 2000
BY AUTHORITY
COUNCIL BILL NO . 62
INTRODUCED BY COUNCIL
MEMBER OARRE'IT
AN ORDINANCE AUTHORIZING THE PURCHASE OF ARAPAHOE RENTAL
PROPERTY BY THE CITY OF ENGLEWOOD , COLORADO.
WHEREAS, the City Council of the City of Englewood authorized a transfer and
appropriation of funds for the purchase of the Arapahoe Rental property by the
passage of Resolution No . 41 , Series of 2000; and
WHEREAS , the owners of the Arapahoe Rental property wish to sell the property to
the City ; a nd
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WHEREAS, the 1979 Ci ty of Englewood's Comprehensive Plan identified the
Al'Bpol,.oe Rental property as a kty parcel for park acquisitions; and
WHEREAS, the passage of Ordinance No. 60, Series 1995 authorized the City
purcltase of the adjacent Home Lumber property; and
WHEREAS, by the passage of thia proposed Ordinance the Englewood City Council
will authorize the purchase of the Arapahoe Rental property and the Englewood
Department of Parks and Recreation will be able to pursue the future development of
an aquatic facility at this location;
NOW, THEREFORE , BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO , AS FOLLOWS :
&l:li!m..J., The City Co•mcil of the City of Englewood, Colorado hereby authorizes
the purcltase of the t,rapahoe Rental property under the "Contract To Buy And Sell
Real Estate" with the "A ddendum To Commercial Contract To Buy And Sell Real
Estate" which is attached hereto as "Exhibit A."
~-The Mayor and the City Clerk are authorized hereby authorized to sign
and attest the "Contract To Buy And Sell Real Estate" with tbr, "Addendum To
Commercial Contract To Buy And Sell Real Estate" for the purchi\s e of Arapahoe
Rental property on behalf of the City of Englewood, Colorado.
Introduced, read in full , and passed on first reading on th• 17th day of July, 2000 .
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Published•• a Bill for an Ordinance on the 2lat day of July, 2000.
Read by title and pa88ed on final reading on tho 7th dny of August, 2000.
Published by title aa Ordinance No.!:ft, Series of 2000 , on the 11• day of
Auguot. 2000.
I, Loucriabia A. Ellia , City Clerk oftbe City ofEnglewood, Colorado, hereby certify
that the above and foregoing is a true cap'J.Jlf the Ordinance pa....i on final reading
and published by title aa Ordinance No.~ Series of 2000.
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nusrcMIM IIAS IMPOIITANT LIGAL CONIIQUINCU AND TIii PAltTIUSHOULOCONSULT LIGAL AND
TAX OM O'rllER C"OUNSll. HFOMt: MGNING.
<.'ONTRACTTO IUV AN.DII.U.IIAL ISTATI
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IND OF' CONTRACT
•
•
Alllll!NDUMTO
CQMMlill<'IA(, rnNTRACT m B\IY AND SEI ,. MMl-F.STATE
1111S ADl)F.NDUM is 111achcc.l 10 and made p1n or 11111 ceruin Commercial Conuac:1 10
Buy and Sc:11 Real Estate rcontnte1•}, dated July_, 200'\, by anJ bdwi:cn Tiie Cily o(
6ngltwootl , or its assignees, as •&yer• and Donahf J. Bowey, as •Setler.• In ll1t cve.111 of
any conllicl between the 1cnns and rrovisio,u or 1his A1JJ.:ndu111 anJ 1hc tenm and 1•ruvi1ions
uf 1hc 1•ri111ctl ronion of the Coutracl, the 1cnns anJ pmvisions of I his AJdcnd11111 slL.ill
c~1111ml. llk: r u11u a..:1 und the AJt.lc:mJum 111 c referred 10 hc:1ci11 coll~1ivdy as. 1hc •Ayrci:mcm·
,u_b: SELLER AND DUYER AGREE TIIAT BUYER SHALL ACCEPT TIIB
PROPERTY ON TIIECLOSJNG DATE "AS IS , WHERE IS, WJTIJ All FAULTS"
WITIJ NO RIGHT OF SET-OFF OR REDUCTION IN TIIE PURCIIASE PRICE,
AND TIIAT SUCH SALE JS WJTIIOUT REPRESENTATION OR WARRANTY OF
ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITIIOUT LIMITATION ,
WARRANTY OF IN COME, POTENTIAL , OPERATING EXPENSES, USES ,
~IERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE , AND
SELLER DOES HEREBY DISCLAIM AND RENOUNCE ANY SUCH OTill!R
REPRESENTATION OR WARRANTY . EXCEPT AS OTIIERWISESPECJFJ -
CALLY SET FORTI! IN TIIIS CONTRACT OR IN ANY WARRANTY OF TITLE
GIVEN IN A DEED BY SELLER TO BUYER, BUYER SPECIFICALLY COVE-
NANTS AND AGREES TIIAT BUYER IS ASSUMING All OBLIGATIONS ANO
LIABILITIES OF ANY KIND OR NATURE WHATSOEVER IN ANY WAY
RELATING TO TIIE PROPERTY W.HCH ARISE TIIEREFROM PROM AND
AFTER CLOSING , BUT NITT BEFORE . EXCEPT AS SET FORTI! ABOVE,
BUYER SPECIFICALLY ACKNOWLEOGES TI IAT BUYER IS NITT REL YING
ON ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND WIJATSO -
EVER, E.XPRESS OR IMPLIED , FROM SELLER OR SELLER'S AORNTS AS TO
ANY MATTER CONClRNING TIIE PROPERTY , INCLUDING WITIIOUT
LIMITATION, TIIE CONDITION OR SAFETY OF THE REAL PROPERTY,
INCLUDING, DlIT NOT LIMITED TO , SOILS AND GEOLOGY, LOT SIZE, OR
SUITABILITY OF TIIE REAL PROPERTY FOR A PARTICULAR PURPOSE.
DUYER FURTIIER ACKNOWLEDGES AND AGREES SELLER SHALL BE
UNDER NO DUTY TO MAKE ANY AFFIRMATIVE DISCLllSURE REGARDING
ANY MATTER WIIICH MAY BE KNOWN TO SELLER EXCEPT AS EXPRESSLY
SET FORTI! IN TIIIS CONTRACT AND TIIAT BUYER IS RELYING SOLELY
UPON ITS OWN INSPECTION OF TIIE PROPERTY AND NOT UPON ANY
REPRESENTATIONS MADE TO IT BY SELLER OR BY SELLER 'S AGENTS NOR
ANY OTIIER PERSON WHOMSOEVER AFFILIATED WITII ANY OF TIIE
ABOVE IN CONNECTION WITII BUYER 'S ACQ UISITION OF TIIE PROPERTY .
ANY REPORTS, REPAIRS , OR WORK REl)UIRED UY BUYER ARE TO Bl! nrn
SOLE RESPONSIBILITY OF BUYER AND BUYER AGREES TIIAT TIIERE IS
AND SHALL BE NO OBLIGATION ON TIIE PART OF ~ELLER TO MAKE A';,(
CHANGES , ALTERATIONS , OR REPAIR TO TIIE PROPERTY . BUYER Af',
KNOWLEDGES TIIAT BUYER'S REPRESENTATIONS AND OBLIGATI<'.e/S
HEREUNDER SHALL REMAIN IN FULL FORCE AND EFFECT SUBSEQUENT
Ttl CLOSING . BUYER ACKNOWLEDGES TIIAT IT HAS COMPLETED ITS DUE
DILIGEN CE wrm RESPECT Tt) TIIE PR OPERTY TO ITS SATISFACTION .
2. Jn1Nomifa;;u11m : Buyer , for Buyer :imJ Bu yer's :.11c1.:cssurs in imc:rc.s1 , n.:h:.ascs Seller
fmm , ;,11111 waives ;ill dai111s am.I liahility whid1 Bu ye r m.iy liavc :1gainst any of such
fll:~111 ) lur , auy s1ni..:111r.1I nr ph p1ca l cum.h11011 uf lhc Pmpcn y, ;md fun her n:leases
)111.:h pcr)t111 s frtim , anti cxccpl a.'i >e l fonh lll!lnw , · .. ,.u vcs all lii,hility againsl .such
p,1:rsou.s allrihutahlc 10 . lhc .stm clUrJI and phy .ska l i:ontli1i III uf the Pmpcrly .
l . ~: llk: Closing [r,oc. s h,.1II he ten ( 10) Jay~ folluwin~ lhc: dare of :,pprova l uf lhis
Ag ra 11c111 hy the Ci 1y Council of T11,;: Ci ly ul Eng lewood .
1•~,;1..,11 __
luit i.o l
4 .
l .
l'uuiwll!o: N111wi1hsuooin1 1ny1l1ln1 lo tho comrary 1.,reln, S.:llcr IMjl rta11ln In
1......,.., of th• Prop,ny after tho Clotln1 Do(e In ■cconl4nc!. wkh tenl,, or, Jeu. to
1-.: cnh:Rtl intn h.:1wccn Buyer anti Sc:Uer subs111t1i.tlly in chc funn 1Ull1chcd hereto as ~-
In Litu gf<'nndcnw1inn The panics lie.eta agree 1h111hi1 Aareeme,u and 1he 1ranuc.
1io11 cu111empl11cJ herein is in lieu of Buyer acquirin,; the Propeny throull,h Buyer's power
ur condi:mn11iun. The 111nics acl:nowledve 1h11 die Ouytr hu previ ously no1ificd Seller
uf Ou yc1'i in1eu1iun lo exercise its power of condem1111iu11
Time is of the t:1S1:ncc or this Aereement . In lhc event any !line period expires
nu a Su1unL1y, Soni.lay or Jcpl boliday uf the S1111c uf Culof'IOO, the di&le of
pcrfom11111ec shall l1t: the ne11 d.ay which is 1101 a S1&1unJay, SWlday or lqal hulitby .
b. The panics •ere..: 10 cxecurc such instructions 10 Che Title C0tDp111y lDd wch
1llher instruments as may be rcuonably nc:ccssary 10 any out the prqvilK>fll of
lhis A1nx:men1.
c. Tiic pcrfo nnance anti i1,tcrpra11ion of 1his > '!l'Celncn1 shall be controlled by rhe
l;,w n( lhe Sl ate o( Colonado.
d. Sc:llcr and Buyer each (1) reprcsen1s and wamn1s 10 Che other 1ha1 it has not
1le.1lt wi1h any broker ur fintkr in counec1 ion wi1h 1hc: 1nansac1km contcmpla1QJ hy lhb: Agnxmc111 .
EXECUTED as or lhc dale first wriucn above .
SEI.I .F.R :
IIUYER :
1116 CITY OF ENGLEWOO D
By :
Na1110-".'": --------
Ti1lc _____ _
•
COUNCIL COMMUNICATION
q J ~
Date
July 17, 2000
Agendaltem
10 a viii
Subject: Purchase of
Arapahoe Rental Property
INmATEDBY: STAF';-SOURCE:
Department of Park e. and Recreation Jer:·ell Black, Director
COUNCIL GOAL AND PREVIO US COUNCIL ACT' .. 'N
Resolution #41. Series 2000 transfer of $590,000.uO from the General Fund to the Capital
Projects Fund specifical::, !or the purchase of the Arapahoe Rental prop erty .
City Council has made the availability and improvement of recreation facilities in Englewood a
priority . Previously, City Council has purchased or in the process of purchaslng tl1ese properties to
further enhance parks and recreation amen iti es .
Home LL!iTiber Property-purchased in 1995 {Ordinance #60, Series 199!i) for the
development of an aquatic facility
Zigan Property -The City has assumeJ ownership of the property for the development of
Centennial Park Master Plan
Public Service Property along Union Avenue -acquired for the development of the
Centennial Park Master Plan
RECOMMENDED ACTION
Staff recommends Council adopt a bill for an ordinance for thu purchase of Arapahoe Remo :
property.
BACKGROUND. ANALYSIS , AND ALTERNATIVES IDENTIFIED
The 1979 City of Englewood's Co mprehensive Plan identified the Arapahoe Renlal property as a
key parcel lor park acquisition s.
The City of Engle wood purchased the ~ome Lumber property {Ordinance #60 , Series 1995) in
1995. As part of the Master Plan and •iith the purchase of the Arapahoe Rental property, the
Department of Parks and Recmation is able to pursue the future development of an aquatic facility
at this location .
.:ontract has been made between the City of Englewood, who agrees to buy,and Donald J. Bowey
who agrees to sell , on the terms and conditions se, :0rth iI1 tl1e contract.
FINANCIAL IMPACT
The funds have been transferred from the General Fund and made avallable through the Capital
Project Fund. Purchase price of the property is $690,000.00 .
UST OF ATTACHMENTS
Resolution # 41, Series 2000
Proposed Ordinance
Copy of Contract