Approves the sale of city-owned land for $500,000 to Recreation Equipment Inc. (REI) which has been leasing the land at 1416 Platte Street in Council District 1 for parking since 2000.  The purchase price is based on an appraisal (FINAN 201523366-00). (FINANCE & SERVICES) Approves the sale of city-owned land for $500,000 to Recreation Equipment Inc. (REI) which has been leasing the land at 1416 Platte Street in Council District 1 for parking since 2000 (FINAN 201523366-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-21-15.  The Committee approved filing this bill by consent on 11-19-15.
So I understand that sort of general practice is to to dispose of properties that are, you know, disposable. Is there a reason why in a situation where we have a lease arrangement and we're basically probably generating revenue, why wouldn't sort of maintain and hold that relationship? Ari, I had the option from their original lease to purchase the property and it was based and then we allowed that option to continue and further amendments and it would be based on an appraised value. And so from the very beginning. When the lease was. First negotiated, they had that option. Okay. And then what was the appraised value? $500,000. $500,000. Okay. So I had heard otherwise I didn't get an actual copy of the appraisal. Can you send that one? Absolutely. Thank you. All right. Thank you, Councilman Espinosa, Councilwoman Ortega. So, Lisa, my question for you is, should this is the law adjacent to their property and thank you for an across the street. Correct and thank for is still owned by the city as well. Correct. Correct. But thank you. Let me clarify this. And we thought we had it changed. Inspire it is adjacent to 1460. It is. We are not selling 1460. The property does not have an address. We're selling it by the legal description. Okay. So we continue to own the property across the street. This is the this is the parking lot to RBI. Okay. And so my question is about a discussion that we've had at several committee meetings. I think it may have come up in some of our council meetings as well about and I don't know that we are scheduled to to look at this, but there have been conversations about what the city's master plan is for disposing of city assets. And I know that there is a process in place that's being put together right now. So that's not scheduled as of yet? No. Okay. I think that's going to be really important as we continue to have requests brought forward so that we have an understanding of what that big picture looks like. Sure. No. And we've been working on the draft, so there should be something coming to you shortly. Okay. Thank you. Thank you. Thank you. Councilwoman Ortega. Councilman Flynn, you're up. Thank you, Mr. President. At least just a quick question. We talked about this last week, and I did think it was going to be reworded to say adjacent to 14, 16. And I don't know if that. Means the council. So I'll follow up and make sure that that is corrected for final. Yes. Okay. I don't know if we need to do an amendment on that since it's been introduced. Does that require an amendment, Mr. Attorney? It sounds like it might require a little more investigation just to see what needs to be done, but it can be amended on second if that's what you need to do. And I think we can let that folks figure out what needs to be done. And we may have something on the floor for you to act on next week. Okay. And the assessor in his records does have that partial list of his 20/314 Street. Would that not. Be? The title company is not showing it that way. And like I said, so we will transfer the property based on the legal description, not an address. All right. Thank you. That's all. Thank you. Councilman Flynn, Councilman Espinosa. So on the contract, the trigger, I mean, was RBI essentially allowed to do that at any time or was there a window that they had to do that in? There had been a window, and then we had renewed it to allow them to have it at any time. Okay. And when did that sunset originally. Honestly, I would need to go back and look at the document. I don't remember, but I can get that for you as well. All right. Thank you. Thank you. Councilman Espinosa. Councilman Clark. Thank you, Mr. President. Do you know, does this property include any of the property that the Platte Valley Charlie operates on? No. And that is why there's been a little bit of a time lag between the appraisal and wrapping it up now, because we made sure between the work that's going on along the river for the dedication of the park and the trolley. It took us it was very complicated as it related to the legal descriptions over there. And so we made sure that we worked with both RBI surveyor and our own surveyors to get those legals right so that we carved out a parcel for the part, the trolley. And then the plaza is remains public to all of the paved area where the train track. Yes. Okay. Thank you. Thank you, Mr. President. Thank you, Councilman Clark. In the comments. Questions 868. All right. Thank you. Thank you. It is on the floor to be published. Madam Secretary, roll call. Espinosa No. Flynn I. Gilmore I. Cashman, I. Kinney. Lopez, I. Ortega Sussman. Hi, Black. Brooks Clark. Hi. Mr. President. Hi. Councilmembers. Lopez Ortega. Thank you, Madam Secretary. Please cause very nasty results. 11 eyes, one knee low. Nice. One day 868 has been ordered published. All right, leave the last one. 892. Councilwoman Canete, would you like for us to do this? Just a comment, Mr. President. Go right. Ahead. Thank you. It's six. I'm sorry. Eight. Nine two is a new policy that the city and county of Denver is proposing for haulers of waste. As everyone knows, one of my favorite topics talking about trash, composting, recycling.