City Council Minutes 2007 10 16 - Laserfiche WebLink

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City Council Meeting Minutes October 16, 2007 Page 14 of 15 the motion. Roll call vote was taken. The motion carried by a vote of 6-0. Absent: Mayor Sisk. DAMYANOVICH HOMESTEAD PARCEL SALE ORDINANCE No. 1526, SERIES 2007 - AN ORDINACE AUTHORIZING THE SALE AND CONVEYANCE OF A 1.22 ACRE PARCEL OF LAND OWNED BY THE CITY AND KNOWN A;S THE DAMYANOVICH HOMESTEAD PARCEL - 1St (Reading -Public Hearing Mayor Pro Tem Brown requested a City Attorney introduction City Attorney Light read Ordinance No. 1526, Series 2007 and Resolution No. 59, Series 2007. Mayor Pro Tem Brown openE;d the public hearing and requested a Staff presentation. Parks and Recreation Director Robson reported the City is the owner of a 1.2- acre parcel of real property Ic-cated at 7507 Dyer Road and commonly referred to as the Damyanovich Homestead Parcel. The property contains an existing house, barn and accessory buildings that are not being used for municipal or governmental purposes. ThE: property was acquired solely as excess property and a general asset to be sold in order to help defray the cost of the City's acquisition of open space located adjacent to the property. Resolution No. 59, Series 2007 proposes a purchase contract to sell the property for $490,000. The property ~rvill continue to be listed until the closing date, which is December 7, 2007. The sale of the homestead parcel and the $200,000 conservation easement payment from Boulder County, will off-set the City's initial cost for the Damyanovich Open Space Property. Based on the original $1,017,500 purchase price, the net cost to the City will be $327,500. Ordinance No. 1526 authorizes the sale of the 1.22 parcel. Council member Muckle asked for the property's appraisal price. Parks and Recreation Director Robson stated the home parcel was appraised at $525,000. Mayor Pro Tem Brown requested public comment and hearing none, closed the public hearing. MOTION: Council member Sackett moved to approve Ordinance No. 1526, Series 2007 on first reading, sent it out for publication and set a public hearing for November 5, 2007. Council member Muckle seconded the motion. Roll call vote was takekn. The motion carried by a vote of 6-0. Absent: Mayor Sisk.