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File #: 15-16618    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 10/12/2021 In control: City Council Business Meeting
On agenda: 12/13/2021 Final action:
Title: Sale of City-Owned Property on Denver Avenue
Attachments: 1. Denver Ave Resolution, 2. DenverAve_V2

Title

Sale of City-Owned Property on Denver Avenue

 

Action

Action:

A.                     Adopt a resolution approving the sale of approximately 29.159 acres of vacant City-owned property on Denver Avenue (parcel identification numbers 061-043-03, 061-043-04, 061-081-48, 061-081-02, 061-043-17, 061-043-10, 061-081-38, 061-043-02, 061-081-50, 061-081-40, 061-043-06, 061-043-07, 061-043-01, 061-043-09, 061-081-41, 061-081-01, 061-043-08, 061-081-39, and 061-043-05) to SteelFab, Inc. for $2,616,000, and

 

B.                     Authorize the City Manager to negotiate and execute all documents necessary to complete the sale of the property.

 

Body

Staff Resource(s):

Haley Gentry, Aviation

Ted Kaplan, Aviation

 

Explanation

§                     Aviation is selling Federal Aviation Administration (FAA) Part 150 Noise land/Airport Master Plan Land on Denver Avenue. The sale is made up of 19 vacant parcels of land zoned I-1 and R-22MF, totaling approximately 29.159 acres. The R-22MF acreage, which allows for residential multi-family use, is proposed to be rezoned to I-1, which allows for light industrial use.

§                     Aviation participates in FAA’s Part 150 Noise Program. The FAA Part 150 Noise Program requires airports to purchase properties significantly impacted by noise and put this land back into a compatible, productive use.

§                     The City has acquired multiple parcels of land located along Denver Avenue as part of the Part 150 Noise Program.

§                     Aviation received an offer to purchase this property from SteelFab, Inc. for $2,616,000.

On September 3, 2021, Aviation advertised this offer to purchase to solicit any upset bids during a 10-day period, and no upset bids were received.

§                     This sale is contingent upon FAA approval.

 

Fiscal Note

Funding:  Proceeds from the sale will be deposited in the Aviation Capital Investment Plan.

 

Attachments

Attachment(s)

Map

Resolution