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RESOLUTION APPROVING AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT & OPTION TO REPURCHASE
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Summary and Background Information: In October 2014, South Adams County Fire District (SACFD) approached the City about locating their new administration building on the Civic Center parcel. The Civic Center parcel was owned by the Finance Authority.
Staff commissioned a consultant to conduct "civic center land space analysis" to ensure that adequate room would still exist for future city facilities on the northern end of the parcel. The potential fire building would be located to the west of the Civic Center parking lot, approximately 1 acre in size.
After negotiations with the Fire District, an agreement was reached on deal terms, which allowed the creation of a Purchase and Sale agreement. Council approved the agreement on May 18, 2015. The Commerce City Finance Authority conveyed the parcel to the City. Subsequently, the Fire District requested modifications to the approved agreement.
The following major items are affected by the amended agreement:
- The shared Emergency Operations Center is deleted in the amended agreement.
- The shared use of the Community Room will be addressed by a future agreement.
- The City will grant an easement to the Fire District, at no further cost, to use the Civic Center parking lot for the administration building.
- The Fire District will be responsible for the future roadway on the western boundary of the parcel if the Fire District develops emergency response facilities unless KSE develops the adjacent commercial parcel first, in which case KSE will construct the road.
The following outlines the major remaining deal points:
- Sale of approximately 1 acre from the Civic Center parcel for use by the Fire District for their administration building and potential subsequent station.
- The Finance Authority Board conveyed the property for $16,000 per acre (original purchase price) plus closing costs...
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