HomeMy WebLinkAbout760702.tiff RESOLUTION
RE: ACCEPTANCE OF MONIES FROM GEISERT INDUSTRIAL SUBDIVISION
AS PER SUBDIVISION REGULATIONS REGARDING PARK FEES.
WHEREAS, pursuant to the Weld County Subdivision
Regulations, Chapter 8-15 (A) (3) , before a Final Plat is
approved, subdividers may be required to dedicate, develop
and/or reserve land for parks and/or other necessary public
purposes, other than streets and utility easements, and
WHEREAS, in lieu of land, subdividers may be required
to make payment to the County of an amount equal to the
market value of such land as may be designated to be dedi-
cated or reserved in accordance with the formula contained
in Chapter 8-15 (A) (3) of the Subdivision Regulations, and
WHEREAS, Richard L. Geisert, developer of Geisert
Industrial Subdivision, Weld County, Colorado, having had
his Final Plat of said subdivision approved subject to the
application of Chapter 8-15 (A) (3) , and the dedication of
certain acreage for public use or to make payment of an
amount equal to the market value of such acreage.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that Richard L. Geisert
should pay to the County, the sum of FIFTEEN HUNDRED AND SIXTY
DOLLARS ($1, 560 . 00) , the same being the established market
value of the land considered necessary and essential for pub-
lic purposes according to the calculations set forth in the
attached Memorandum.
BE IT FURTHER RESOLVED that such monies received shall be
deposited with the Weld County Treasurer in an account
specifically designated to be used for necessary public parks
and/or recreational purposes.
760702
r, a2(P — 702O
The above and foregoing Resolution was, on motion duly
made and seconded, adopted by the following vote on the 18th
day of October, A.D. , 1976 .
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
,t' e 2
sue•
I
ATTEST:
11 •
Weld County Clerk and Recorder
andG1erk to the Board
beputy County C erk
APPROVERS TO FORhy_
County Attorney
-2-
mEMORAnDUrn
WIIDCTo County Commissioners Date October 5, 1976
COLORADO From Engineering Department
Geisert Industrial Subdivision
subject
From information at hand I have computed the Geisert Industrial
Subdivision Park Fee to be $1 , 560 . 00. Following are the com-
putations made:
16. 5 Acres -
1973 Purchase Price $50 ,000. per Documentary Fee
Book 687 Rec. #1609156
Plus 12% appreciation $ 6 ,000.
Total $56 ,000.
Less 10% Commission $ 5, 600.
1976 Value of property $50,400.
Less Improvements $16 , 101 . per Weld Co. Assessor
Records
1976 Land Value $34,299.
1976 price per acre $ 2,079.
Round to 2 ,080.
Required Acreage - . 75 per Subdivision Regulations 8-15-B-2
Due County in lieu of land $ 1 ,560 . per Subdivision Regulations
3-15-A-3
Assessors Valuation
October 4 , 1976
11 Acres ±
Actual Value - Land $166 . 00, Improvements $16 , 101 .00 Total $16, 267. 00
Assessed Value-Land $ 50 .00, Improvements $ 4,830. 00 Total $ 4 ,880. 00
{,/,<« r t GC'K(•ie Yom..
--�Gi‘ man E. Olson
Subdivision Director
mfm
CC: Clerk to the Board
County Attorney
County Engineer
TREASURER'S OFFICE, WELD COUNTY N°
i Greeley, Colo., £I&- Iv ` 7 , 197
RECEIVED OF .� L - ✓ � $ 1..1 ? C
RF� For
Y� IT
Road and Bridge Fund
Colo. State Sales Tax
Weld County General Hospital Fund
Fee Fund
School District No Gen. Fund
Motor Vehicle Fund, Licenses
County Clerk Fees
Motor Vehicle, Add. Registration Fee
Specific Ownership Tax, Auto
FRANCIS M. LOUSTALET (y/��/Y// /S-6- i County Treasurer. C"' I i. TOTAL AMT.
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