STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: May 12, 2021
COUNCIL DISTRICT(S): 1
DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
title
An ordinance abandoning a portion of a permanent easement to IC Properties II, LLC, the abutting owner, containing approximately 6,915 square feet of land, located near the intersection of Colorado and Jefferson Boulevards - Revenue: General Capital Reserve Fund ($33,246.00) and General Fund ($20,000.00), plus the $20.00 ordinance publication fee
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BACKGROUND
This item authorizes the abandonment of a portion of a permanent easement to IC Properties II, LLC, the abutting owner, containing approximately 6,915 square feet of land. The area will be included with the property of the abutting owner to construct a mixed-use development. The abandonment fee is based on an independent appraisal.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Revenue: General Capital Reserve Fund ($33,246.00) and General Fund ($20,000.00), plus the $20.00 ordinance publication fee.
OWNER
IC Properties II, LLC
CI Opportunity Fund IV LP
CI Opportunity Fund IV GP, LLC
HSGP, LLC
Barry Hancock, Member
MAP
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