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HomeMy WebLinkAbout1995 Ordinance No. 051• • • ORDINANCE NO .fil SERIES OF 1995 BY AUTHORITY 11 b 11 COUNCIL BILL NO . 57 INTROD UCED BY COL':-lCIL MEMBER WIGGINS Al ' ORD INANCE AUTHORIZl:-IG THE SALE OF THE CITY OF ENGLEWOO D FEDERAL l'?RE STATION LOC ATE D AT 40 65 SOUT H FEDERAL BOULEVARD . WHEREA5 , on Fe bruary 18, 1992 the Englewood City Counci l authorized a lease with option to ;,urchnse of th e Federal Fire Station located at 4065 South Federnl Boul e vard with Gla,bond . Inc.; a n d WHEREAS , Gle sbond. Inc . wis hes to exe rcise th e opti on to pur cho e: NO W, THEREFORE. BE IT ORDA l:--ED BY THE C ITY CO UNC IL OF THE CITY OF E:<,;G LEWOOD. CO LO RADO. AS FO LLO WS: ~-The Ci ty Coun cil of the City of Englewood. Co lora do he reby authori zes the sale of the Federal Fire Stauon located a t 4065 So uth Fede ral Boul eva rd to Gl asbo n d. Inc. fo r the pu rchase pnce ofS164. 00 . ~-Th e Mayo r is authorized to exec ute and th e City Cle rk to attest and seal t he Deed fo r and on behalf of the Cit y of Engle woo d. Intr odu ced, rea d in full. and passed on fi rst rea din g on th e 21 st day of August , 19 95 . Pu blished as a Bill for an Ord inance on t he 24th day of August , 1995. Read by titl e a nd pa ssed on final rea di ng on th e 5th day of Septe mber, 1995. P ubli sh ed by ti tle a s Ordinance :--o. SJ.. Seri es cf 1995, on t-h e 7th day of Se ptember, 1995. I, Loucri sh ia A. Elli s, C ity Cle rk of t he City of En glewo od, Co lorado, hereby certiry that the abo ve an d fo regoi ng is a tru e co py of lh e Ordi ance pa ssed on fina i reading an d publi shed by t itle as Ordinan ce No . fi:/.., Se ies 1995. ~lib Loucri shi a A. Ell is -1- ·., • • • Data August 21 , 1995 INITIATED BY COUNCIL COMMUNICATION Agenda Item 11 a iv Subject Sale of Federal Fire Station Property Department of Pub lic Works I STAFF SOURCE Charles Esterly . Director of Public Works COUNCIL GOAL AND PREVIOUS COUNCIL ACTION Re,;o lution No . 78 , Series of 1991 authoriz ing the City to enter into a lease wit h Glasbond , Inc ., was defeated on November 1 B, 1991 . Council approved a motion authorizing a lease with option to purchase with Glas bond , Inc . on February 1 B, 1992. RECOMMEtlDED ACTION Staff seeks Counc il approval of a Bill for an Ord inance authoriz ing the sale of the Federal Fire Station property located at 4065 So uth Federal Blvd . BACKGOUND, ANALYSIS , AND ALTERNATIVES IDENTIFIED In late 1990, City Council instructed staff to investigate dispos ing of the surplus property at 4065 South Federal Blvd . Subsequent di r. ·,ssions betwee n the City Attorney , Purchas ing Agent , City Manager, Public Works Directo r and Council determineo the need to advertise and accept competitive bids for the sa le of this parcel. Appra isals and env ironmental audits were performed by outside firms . Th e property was first advertised fr,r sale in the Daily Journ al and the Englewood Herald in late July and earty Augus~ 1991 . No bids were received at the August 23 , 1991 bid oper.i ng . Subsequent to the August 23 bid ope ing , Mr. Roger Koltay submitted a lease/purch ase proposal for U1 e property . Coun cil and staff determined the need to re-advertise and market the property "For Sale or Lease• to insure the competitive process . Aclvertisem ents were comp leted on January 9, 1992. Two bids were received at the Feb ruary 4 , 1992 bid open ing as detailed below : NafM Dunmac Partnersh ip Glasbond, Inc. ~ Purchase Lease/Option Alill2wll $52,301 .00 cash Lease year 1 (1992 ) Lease ye ar 2 (1993) Lease year 3 (1994) Lease year 4 (1995) s ·r .ooo 9,600 10,800 12.000 The purchase option calls for a cash price of S157 ,000 .00 if executed in ye ars 1 or 2 and a price of $164 ,800.00 if executed in yea rs 3 or 4. FINANCIAL IMPACT The City will receive $164 ,800 .00 from lhe sale of lhis property with lhe closing anticipated to tako place approximately September 15, 1995. UST OF ATTACHMENTS Copy of recorded Lease and Option . ... • • • • • • root•-tm OJ/11/91 01150 -llllf!f,111 . llt 10,00 111: tt:ASE AND Ol'TION TIIIS INOONTUR E.daml-1nruu:J'...2'1.---,liJ.,92_ ,l,bd.un ToftClt:J d ftc)ecrd -m=--......,,,-:-,:-..,--:,-::,,:-...._:--....,--:......,.--..nw,-=-=--•. ]:fifl:'.:_· c.,''"~'·_"'_""_'_'_"'.:.:.:.:.:.:.:.:.:.:.:.:-. ,-.. ~,.-u-• I• c....Milk1a1.,_ Ill 1W ,iaymc N r,I lhc re:• .i"'-' •hc lttpt•l afld .,e ,f.,,'111,1nc:r rA lllt rowna,,11 1ad 111nmuh by tM 1.-HM hcr,u~h n \ti f,lf lli . the I 1111llofJ dun hcuhy lu,t 11,,u, lllf 'kn~~•. 1hc foll<w.i n1 tk1oC1,bnt prmt~• •lllllt I• 1hc C:l.u..DLSai.lDl •t-.. ..... , '" -.Aml,m a_ ___ "' 111¢ SI.it~,~ t ',4u,»J,,. h• Wil ------- _l.w_ll:ll.11¥1 i en ahlJ ...,.,.. Lho.mrtll.'.llJcct:.oL.UJtL12.IIRl.2l_aceoul~.lll6l..25Ja:t. _cU,,tu6d)..Jlllxl<._l6.lh:ddooJlillaJ!,a.ldlrllllat ol. lllctll4.lf>-.l8..llllo_roi,r~'l,J.J.ul.oL_ bJ U.. a,, of li'dNDI .... u .. Fulcnll fire swua,, laiSJio. 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IN WITN ESS WII ER EOF,1hl pa1 tlt1 hctt1o l11¥Ct-"':llkdtlm l.n1e W ()r!Dllthc d.,-1nd yc 11lln11bol c •·1i11cn ~d~ ~ ~ ASSIGNMENT AND ACCEPTANCE For~hlc rcrtlvcd __________________ , H 1ui1101 hc~hy 1nlgn1111 right , title and in1c1u1 in and 10 the withu1 Lu« and Qrlion un10 ______ _ -----------------· u 1ui1ncc,hhhc1111Bd 1ui1n1,1od ln t'onlidcutlon of th h u sl anmtnt !he uid aui1ncc here by acupu nid aui1nmcnl •• d 111cct 10 rml c 1ll 1hc payments 1.t pe rform 11\ 1hc coYCn ■n11 ind 1g1«mcn11 in nwt Luse i nd O ption cont ■lne J b) 1hc \e ucc 1hcnln 111ccJ to be mMk ■ndpcr for n .rd . El«uird on ______ _ CONS ENT TO ASS I GN MENT CunJrnl lo the 1uignmcntnl1hc wil hln Lc ■K to _____________ _ is hcrchy 1inn , on the aprcuconJidon, howcvu , 1h11 the 1ui1nor ,hi ll 1cm1in liable flM 1hc p1omp1 paymcnl ufthc rcnl and pcrform11K'co(thc C0Ytn1nl1on lhc p111 of the luscr ~ 1hrmn muoooe d, 1nJ 1h11ooh111hc11ui1nmc nl of 11id Le■~.• nr sub,lcttlng of the prEm iKs or any put lh-::col shah 1,c made •ilhou l fu n her pr ior wrictEn •&rEEmUI. E1ea11Ed on ______ _ z E .. I I .. t 0 \· I~ i I , ~ ':j I ~Ca I ~ .. na ~ ~ S ll f ~ ~J;ia -~ . -····