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HomeMy WebLinkAboutOrdinance-1970-0053 - Lease and Acquire Real PropertyINTRODUCED BY ALDERMAN ~%~tL~~ CGS ORDINANCE NO. :5__f5 Series of 1970 TITLE: AN ORDINANCE TO LEASE AND ACQUIRE REAL PROPERTY AND EXECUTE AN OPTION THEREFOR. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WHEAT RIDGE, COLORADO, THAT: Section 1. Authority. Pursuant to Chapter 139-61-1 of the Colorado Revised Statutes of 1963, as amended, Cities shall have the authority to enter into long term rental or leasehold agreements including an option to purchase and acquire' title to such leased or rented property within a period not exceeding the useful life of such property, in no case exceeding thirty years. Section 2. Purpose. The purpose of this Ordinance is to lease and acquire certain real property and buildings attached there- to, for the use of all City Departments in the execution of their official City functions, and to include an option to purchase said property. Section 3. Acquisition. The City Council does hereby authorize the leasing thereof and order the execution of an option to purchase the following described real property lying within the County of Jefferson, State of Colorado, to wit: That portion of the West 255 feet of the E 1/2 NW 1/4 Section 21, Township 35, Range 69 West of the 6th Principal Meridian described as follows: Beginning at a point on the West line of the East 1/2 NW 1/4 of said Section 21, said point being 1049.09 feet North of the South line of the E 1/2 NW 1/4 of said Section 21; THENCE Easterly parallel to the South line of the E 1/2 NW 1/4 of said Section 21, a distance of 225 feet; THENCE Northerly parallel to the West line of the E 1/2 NW 1/4 of said Section 21 a distance of 310 feet to a point 710 feet North of the North line of the County Road known as the North Golden and Denver Road or West 44th Avenue; THENCE Westerly parallel to the North line of said County Road a distance of 255 feet to a point on the West line of the E 1/2 NW 1/4 of said Section 21; THENCE Southerly along the West line of the E 1/2 NW 1/4 of said Section 21, a distance of 310 feet to point of beginning; AND ALSO That portion of the East 2 Feet of the E 1/2 NE 1/4 SW 1/4 NW 1/4 of Section 21, Township 35, Range 69 West of the 6th Principal Meridian described as follows: s-, Beginning at a paint on the East line of the E 1/2 NE 1/4 SW 1/4 NW 1/4 of said Section 21, said point being 1049.09 feet North of the South line of SW 1/4 NW 1/4 of said Section 21; THENCE Northerly along the East line of the E 1/2 NE 1/4 SW 1/4 NW 1/4 of said Section 21 a distance of 274.26 feet to the Northeast corner of the E 1/2 NE 1/4 SW 1/4 NW 1/4 of said Section 21; THENCE Westerly along the North line of the E 1/2 NE 1/4 SW 1/4 NW 1/4 of said Section 21 a distance of two feet; THENCE Southerly parallel to the East line of the E 1/2 NE 1/4 SW 1/4 NW 1/4 of said Section 21, a distance of 274.26 feet to a point 1049.09 feet North of the South line of SW 1/4 NW 1/4 of said Section 21; THENCE Easterly a distance of two feet to point of beginning, with all improvements thereon. Section 4. Consideration. The property may be leased for a period of up to one year at a rental not to exceed $600.00 (Six Hundred Dollars) per month. An option to purchase said property may be executed with the payment of the first monthly rental payment. Said option shall provide that the property, above described, may be purchased at a price not to exceed $60,000.00 (Sixty Thousand Dollars) and that one half of all lease payments made during the year shall be credited by the seller to the City as purchaser of said property and be applied against the $60,000 (Sixty Thousand Dollar) sale price. Section 5. Legal Title. Legal . title shall be held in the name of the City of Wheat Ridge, Colorado, a Municipal Corporation. INTRODUCED, READ, ADOPTED AND ORDERED PUBLISHED AND POSTED on first reading by a vote 5- to 0 , this ::5.3 5- -day of ~ZG - A. D., 1970. READ, ADOPTED, AND ORDERED PUBLISHED AND POSTED on second and final reading by a vote of to, this day of Vi/~ i , A. D., 1970. 44 A J- F - v~..~` " o% ALBERT E. ANDERSON MAYOR ATTEST:......- ~,f'3~ca-e- Louise F. Turner City Clerk 0 a CERTIFICATE OF POSTING We, Louise F. Turner and Helen Elise McMillen hereby certify that Ordinance No. 53 was duly posted by us following first reading on the 3rd day of .July 1970, at the following locations within the City of Wheat Ridge: Wheat Ridge Post Office Wheat Ridge Branch Library Westridge Sanitation District.Office Columbia Heights School Prospect Valley Fire Department Wheat Ridge City Office . Wheat Ridge Council Meeting Room We, Louise F. Turner and Helen Elise McMillen hereby certify that Ordinance No. 53 -.was duly posted-by-us following second reading on -the 24th day of. July 1970, _ at the. above locations withinthe City of Wheat Ridge. ..Louise F. Turner City Clerk Helen Elise McMillen Deputy City Clerk _