Ordinance No. 22-03 Authorizing The Sale of Real Property Owned by the Town of Log Lane Village

Ordinance No. 22-03 Authorizing The Sale of Real Property Owned by the Town of Log Lane Village
Ordinance No. 22-03 Authorizing The Sale of Real Property Owned by the Town of Log Lane Village
Ordinance No. 22-03 Authorizing The Sale of Real Property Owned by the Town of Log Lane Village

ORDINANCE NO.   22-03______

 

AN ORDINANCE AUTHORIZING THE SALE OF REAL PROPERTY OWNED BY THE TOWN OF LOG LANE VILLAGE

 

            WHEREAS, the Board of Trustees of the Town of Log Lane Village has determined that it desires to sell a certain parcel of property in the Town of Log Lane Village described as Lot 23, Green Meadows Fourth Addition, First Replat, Town of Log Lane Village, County of Morgan, Colorado, and

 

            WHEREAS, the Board of Trustees intends to sell the described property for the sum of $212,000.00 to Colby 2022, LLC. for development of a Dollar General store to be approved by the Board of Trustees.

 

WHEREAS, the Board of Trustees intends to enter into a Contract to Buy and Sell Real Estate (Land) to sell the property upon terms and conditions as set forth in the contract and authorizes the sale of said property for the sum of $212,000.00.    

 

            NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF LOG LANE VILLAGE AS FOLLOWS:

 

            Section 1:  The Board of Trustees, pursuant to the power set forth in C.R.S. 31‑15‑713, is authorized to buy and sell real property owned by the Municipality upon such terms and conditions as the governing body may determine.

 

            Section 2:  The Board of Trustees has determined that selling the property would be useful to the Town of Log Lane Village by generating property and sales tax revenue in the future. 

 

            Section 3:  The Mayor and Town Administrator are authorized to take such action as may be appropriate to sell the property described as Lot 23, Green Meadows Fourth Addition, First Replat, Town of Log Lane Village, County of Morgan, Colorado, for the sale price of $212,000.00.

 

            PASSED, ADOPTED AND APPROVED THIS ___31st___ DAY OF AUGUST 2022. 

 

                                                                                    TOWN OF LOG LANE VILLAGE