HomeMy WebLinkAbout1972 Resolution No. 024I
I
I
RESOLl1I'ION NO. 24 ~~~~' SERIES OF 1972
/\ RBSOLlJI' 10N /\lJI'llO IUZlNG 'l'llE E XC llANGE OF CERTAIN UNIMPROVED LAND BETWEEN THE CITY OF
ENGLEWOOD AND THF. F TRST NATIONAL nANK OF ENGLEWOOD, 1'0GETHER WITH CERTAIN MONETARY PAYMENTS TO
THE CITY, FOR LAND ·ro BE ACQUIRED FOR STREE'f PURPOSES.
WH ERE AS, the Ci ty is desirous of acquiring a certain parcel of unimproved land, as
hereinafter descriJ;>ed, from the First National Bank of Englewood for street purposes; and
WH ERE.AS, the First National Bank of Englewood is desirous of acquiring a certain
parcel of land , as hereinafter described, fr om the City of Englewood, for private purposes; and
WHEREAS, the City has caused an appraisal of the fair market value, of both parcels
of unimproved land, and f inds that the exchange of the lands in question, together with a payment
to the City of Englewood, in the amount of $7,000.07 is in the best interest of the public, and
of the welfare of the residents and citizens of the City of Englewood, Colorado;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD:
1. That the Mayor and the Director of Finance, ex officio City Clerk-Treasurer of
the City of Englewood are hereby authorized and directed to execute and deliver a good and
sufficient Warranty Deed to the First National Bank of Englewood, a National Bank, free and
clear of all liens and encumbrances, except, however, that certain right-of-way to Mountain
States Telephone and Telegraph Campany recorded March 30, 1953, in Book 797 at page 471, as
well as th a t certain easement over the we s t eight (8) feet of the subject property for the
construction, operation and maintenance of electric and telephone lines and for the installation
and maintenance of utilities and drainage facilities as shown on the plat of said subdivision,
the following described parcel of land, to-wit:
LOI' 9 , BLOCK 1, except that part, thereof, granted as a public way by instrument
recorded July 19, 1967, in Book 1718 at page 425, MCKINLEY'$ SUBDIVISION, SECOND FILING,
County of Arapahoe,
State of Colorado.
2 . That simultaneously with the transfer of the Deed from the City of Englewood to the
First National Bank of Englewood, the City shall receive title to the following described parcel
of unimproved land, free and clear of all liens and encumbrances, said land described as follows
to-wit:
THE SOUTH 10 FEET OF I.OrS 2 AND 3, BLOCK 2, MCKINLEY'S SUBDIVISION, SECOND FILING,
County of Arapahoe,
State of Colorado.
I n addition to receiving the Deed to said property, the City of Englewood shall receive
t·ho ::um nf ~~7 ,Clt>Cl .07 , ill •".l ::h, ,1•: 1·1111 ::id1•1.il i•HI fnt' 1111• f'OllVt~y :111 C:C' <l C ~1<;ril1('rl i n S ('c;t jnn 1 la c roof.
J . '1'11.i L lhc UJ tc \;I o r ol I" i 11.Jlt \;t.:, e x ul Llc:lo Clty Clcrk -'l'rc..iu u r cr, uh all rcc:civo
said cash funds from the First National Bank of Englewood, and shall forthwith remit the same
to the Northern Trust Company, not individually, but as Trustee of the Mars Retirement Trust,
receiving therefore a partial release of that certain Deed of Trust encumbering the land
desc ribed in Sec tion l of this Resolution, as well as a certificate showing the outstanding
balance o f the indebtedness of the City o f Englewood to said •rrustee.
J\J)()PT F.O AND APPROVED Tit TS 1s t day of Ma ~~~~~~~~· 1972.
~{,,(_ ,,, ~·
Mayo r
;~81