City Council Minutes 2009 04 21 - Laserfiche WebLink

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City Council Meeting Minutes April 21,2009 Page 5 of 8 City Manager Fleming explained the City of Louisville is the owner of a 1.2-acre parcel of real property located in unincorporated Boulder County. The street address is 7507 Dyer Road, Louisville, Colorado and is commonly referred to as the Damyanovich Homestead Parcel. This parcel was subdivided from the 13- acre Damyanovich Open Space Property when it was purchased in July of 2007. The property contains an existing house, barn and accessory building, which was not acquired for and is not being held or used for any park, open space, municipal or governmental purposes. It was acquired solely as excess property and a general asset to be sold and disposed of in order to help defray the costs of the City's acquisition of adjacent open space. Rachael and Greg Kras submitted a proposed purchase contract to buy and sell real estate for sale of the property for $415,000, through the City's real estate broker Steve Anderson. Mayor Sisk requested public comment and hearing none, closed the public hearing. MOTION: Councilor Muckle moved the City Council approve Ordinance No. 1548, Series 2009 on final reading, seconded by Councilor Dalton. Roll call vote was taken. The motion carried by a vote of 7-0. APPROVAL OF CONTRACT WITH GIBBONS WHITE, INC. FOR REAL ESTATE SERVICES CONCERNING 637 FRONT STREET Economic Development Director Star explained the contract with Gibbons White, Inc. is for real estate services to find a tenant to occupy the Post Office building, located at 637 Front Street. A Request for Proposals was distributed in March and six responses were received. The City Manager and Economic Development Director interviewed four real estate teams on April 6, and recommended City Council approve a contract with Chris Boston and Steve Sims of Gibbons White, Inc. COUNCIL COMMENT Mayor Sisk disclosed his law firm represented Mr. Boston's late father for many years and has also done business with Chris Boston. He noted he was not part of this contract, nor had any involvement in the selection process. Mayor Pro Tem Marsella inquired about the "NNN" notation on the square foot rental rate. Mr. Boston explained the "NNN" notation represents triple net, (property tax, insurance and common maintenance expenses). Mayor Sisk noted the building is owned by the City and there would be no real estate tax collected.