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City Council Meeting Minutes August 20, 2013 Page 19 of 23 TECHNOLOGICAL CENTER FILING NO. 2, CITY OF LOUISVILLE, BOULDER COUNTY, COLORADO —1sr READING — SET PUBLIC HEARING 9/3/13 Mayor Muckle requested a City Attorney introduction. City Attorney Light read Resolution No. 45, Series 2013, which approves the agreement of a sales and purchase agreement of property and Ordinance No. 1640, Series 2013, which approves the payment of the acquisition of property. Mayor Muckle requested a staff presentation. Economic Development DeJong explained Council action is requested on a resolution approving a purchase contract for 13.32 acres located in the southeast corner of the Colorado Technology Center (CTC). This land is intended for a new city operations building. First reading of the Ordinance is needed to authorize the payment for the land. This action is a result of direction given to the City staff during the July 16, 2013 City Council meeting, to explore other sites in Louisville that might work better than the existing City Services Facility location. On July 31, 2013 staff became aware that the Passco Colorado Tech Industrial, LLC had listed for sale Lots 6, 7, and 12 in the Colorado Technology Center. The selling price for the 13.32 acre - parcel is $2.93 per square foot, or a total cost of $1,700,000. On August 1, 2013, staff submitted to Passco an offer letter, subject to City Council final approval and on August 8, Passco accepted the offer. The offer and proposed purchase contract was prepared by the City Attorney. PUBLIC COMMENT Ashley Stolzmann, 370 S. Taft Court, Louisville, CO questioned the division of the cost of the purchase between four different accounts. She asks if it was an actual equitable split for usage of the building. She asked if this site was the initial targeted area, or whether this is a new find. She felt CTC was a valuable asset for the City and questioned whether the City really wanted to put municipal facilities in the Tech Center. COUNCIL COMMENTS Mayor Pro Tem Dalton asked if the resolution could be passed the same evening as the ordinance. It was confirmed the resolution could be passed later. Mayor Pro Tem Dalton favored looking at other properties before settling on this one. He would meet with the City Manager to discuss another property. He felt there were better options. City Manager Fleming addressed Ms. Stolzmann's questions as follows: The division of cost from four different departments is not a precise delineation of square footage to each of the operations, but an approximation of staff, equipment and facility usage for each. The City worked with an architect to design a plan to accommodate the three