HomeMy WebLinkAbout801196.tiff lea Q O
\\ OFFICE OF WELD COUNTY CLERK AND RECORDER
I/ DEPARTMENT OF CLERK TO BOARD
PHONE 13031 3564000 EXT.223
O P.O.9OX 459
GREELEY,COLORADO 60631
•
COLORADO
Union Pacific Railroad Company
A. O. Meyer, District Real Estate Director
1416 Dodge Street
Omaha, Nebraska 68179
December 15, 1980
Dear Mr. Meyer,
The Board of County Commissionrs, in their meeting of December 15, 1980
expressed their desire to renew agreement C.D. No. 5845-L for a 25 year
term. Please forward said agreement to the Board for their signature.
Than You,
2Ceitha White
Deputy Clerk to the Board
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WE`D To Clerk to the Board Date December 11, 1980
COLORADO From Gil Olson. Utilitu/Subdivision Administrator
subject: U.P.R.R. Highway Lease on Weld Countu Road 33 at Pierce
In answer to your request for an opinion on that portion of Weld County
Road 33 just north of Weld County Road 90 as referred to in the U.P.R.R.
letter to Weld County, dated September 8, 1980.
The above mentioned right-of-way is used to connect Weld County Road 33 to
Weld County Road 90 and as Zong as said Weld County Road 33 shall remain
a Weld County Road, in its present status, said U.P.R.R. right-of-way is
necessary. Therefore I recommend that said lease be executed as requested
by U.P.R.R.
Gilman E. r-acOlon �! �J
Utility/Subdivision Administrator
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cc; Weld County Road 33 File
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• lb UNION PACIFIC RAILROAD COMPANY
REAL ESTATE DEPARTMENT
A.O. MEYER 1416 DODGE STREET
DISTRICT REAL ESTAT urviox OMAHA,NEBRASKA 68179
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�9g0 September 8, 1980
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�, CD 5845-L
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Weld County
Office of the Board of County Commissioners
Greeley, Colorado 80631
Gentlemen:
Please refer to agreement C.D. No. 5845-L between
Union Pacific Railroad Company and Weld County covering lease
of right of way for highway purposes in Pierce, Colorado which
expired by latest extension July 31, 1978.
In the past, our leases were prepared on an individual
basis, generally for a 5-year term. Extension or renewal of
these agreements for a further 5-year term required individual
negotiations which, of course, were costly and time consuming.
Therefore, rather than prepare new leases for a period of five
years as we have in the past, we have adopted a new standard
highway lease agreement (copy attached) which we are implementing
on a system-wide basis. The new agreements are prepared for
a standard 25-year term.
In order to further expedite the handling of these
leases, we have standardized our highway lease rentals and
allowed for a discounted lump sum rental payment as follows:
Total Rental for 25-year Discounted
Lease Area Rental term if invested at 7% Rental Rate
1.00 to 4.99 ac. $100.00 per year $ 6,325.00 $1,165.00
5.00 to 10.00 ac. $200.00 per year 12,650.00 2,330.00
As further information, for areas less than one acre
we propose a one-time lump sum payment of $300.00 and for areas
greater than 10 acres we propose individual negotiations based
on present-day land values in order to establish a fair rental
rate and still maintain rental continuity. In line with the
above, rental for the 1.48 acres occupied by the highway, for
a further 25-year term will be $100.00 or $1,165.00 for the
entire term, payable in advance.
Upon receipt of your favorable consideration of this
proposal, I will recommend to our Management that Union Pacific
enter into a 25-year highway lease agreement with Weld County
on the basis described above.
Very truly yours,
Hello