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2009-5

A RESOLUTION

AUTHORIZING THE EXECUTION OF AN AGREEMENT TO PURCHASE ONE TEMPORARY EASEMENT AND ONE PERMANENT EASEMENT AT 11501 - 11503 WEST COLFAX AVENUE FOR THE COLFAX AT SIMMS STREET INTERSECTION IMPROVEMENT PROJECT

WHEREAS, by Ordinance O-2006-20, the City Council of the City of Lakewood authorized the acquisition of property interests necessary to complete the Colfax at Simms Street Intersection Improvement Project; and

WHEREAS, Section 4 of said Ordinance states that the City Manager shall obtain City Council approval by resolution of any agreement for a purchase price which is both in excess of Fifteen Thousand Dollars ($15,000) and in excess of the City's appraisal; and

WHEREAS, the City and the owners of 11501-11503 West Colfax have negotiated a settlement amount of $80,000.00 for Parcel 8 of the Colfax at Simms Street Intersection Improvement Project, pending City Council approval.

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakewood, Colorado, that:

SECTION 1. The City Council hereby accepts and approves the settlement of $80,000 with Michael Joseph Phillips, Richard Phillips, Kathleen Mary Phillips, Robert Steven Phillips, and Richard Joseph Phillips, owners of 11501-11503 West Colfax.

SECTION 2. The City Manager of the City of Lakewood, by and through the Property Management Division of the Department of Finance, is authorized to close on the acquisition of Parcel 8 of the Colfax at Simms Street Intersection Improvement Project.

INTRODUCED, READ AND ADOPTED by a vote of 10 For and 0 Against at a regular meeting of the City Council on January 26, 2009, at 7 o'clock p.m. at the Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.

Bob Murphy, Mayor

ATTEST:
Margy Greer, City Clerk

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