HomeMy WebLinkAboutordinance.council.013-86
ORDINANCE NO. l~
(Series of 1986)
A ORDINANCE APPROVING AN AGREEMENT TO PURCHASE REAL ESTATE AND TO
ACCEPT GIFT OF REAL ESTATE BETWEEN THE CITY OF ASPEN, COLORADO,
AND FRANK J. WOODS, III, THOMAS E. RAFAEL, AND FREDERICK HEAD
SETTING FORTH THE TERMS AND CONDITIONS UPON WHICH THE CITY AGREES
TO PURCHASE THAT REAL PROPERTY DESCRIBED IN SAID AGREEMENT FOR
THE PURCHASE PRICE OF $115,000.00 AND UPON WHICH THE CITY AGREES
TO ACCEPT A DONATION OF THE DIFFERENCE BETWEEN THE PURCHASE PRICE
AND THE APPRAISED FAIR MARKET VALUE OF SAID REAL PROPERTY IN THE
AMOUNT OF $35,000.00 AND DIRECTING THE MAYOR TO EXECUTE SAID
AGREEMENT ON BEHALF OF THE CITY OF ASPEN
WHEREAS, there has been submitted to the City Council that
Agreement to purchase real estate, annexed hereto, between the
City of Aspen and Frank J. Woods, III, Thomas E. Rafael and
Frederick Head setting forth the terms and conditions upon which
the City agrees to purchase the real property described in said
agreement for the purchase price of $115,000.00 and upon which
the City agrees to accept a donation of the difference between
the purchase price and the fair market value of said real
property in the amount of $35,000.00,
WHEREAS, said real property is particularly described as
follows:
PARCEL A
Lots A, B, C, D, E and G, and the rear 40 feet of Lots
H and I,
Block 47,
City and Townsite of Aspen
PARCEL B
A parcel of land being part of Lot F,
Block 47,
City and Townsite of Aspen
except the portion of Lot F described as
follows:
Commencing at the northeast corner of Lot F in Block
47, City of Aspen;
thence southerly along the line between Lots F and G,
46.5 feet to a point 25 feet northeasterly of and at
right angles to the centerline of the former Colorado
Midland Railroad Company's right of way;
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thence northwesterly along a lien 25 feet northeasterly
of and at all points parallel to said centerline to a
point on the westerly line of said Lot F being also the
easterly line of Lot E of said Block 47;
thence northerly along the common line of said Lots E
and F 27 feet to the northeast corner of said Lot F, a
point on the southerly line of West Hyman Avenue;
thence easterly 30 feet along the northerly line of
said Lot F and the southerly line of said West Hyman
Avenue to the point of beginning.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1.
That the City Council of the City of Aspen does approve the
Agreement between the City of Aspen and Frank J. Woods, III,
Thomas E. Rafael, and Frederick Head setting forth the terms and
conditions for the purchase of the real property described in
said agreement and providing for the acceptance of a donation of
the difference between the purchase price and the appraised fair
market value of said real property, which agreement is attached
hereto and incorporated herein; and does further authorize the
Mayor and/or City Manager to execute said Agreement on behalf of
the City of Aspen, as well as such other documents as may be
necessary to consummate the transaction which have been approved
as to form by the City Attorney.
Section 2.
If any section, subsection, sentence, clause, phrase or
portion of this ordinance is for any reason held invalid or
unconstitutional in a court of competent jurisdiction, such
portion shall be deemed a separate, distinct and independent
provision and shall not affect the validity of the remaining
portions thereof.
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Section 3.
A public hearing on the ordinance shall be held on the~Z
day of ~-~ , 19~, in the City Council Chambers,
Aspen City Hall, Aspen, Colorado.
INTRODUCED, READ AND ORDERED published as provided by law of
the City Council of the City of Aspen on the
~ ' 1986.
/~
day of
ATTEST:
~
City Clerk
FINALLY adopted, passed and approved this
J~
day of
~
, 19~
A'I'TES'I' :
~
City Clerk
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