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Title:
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A bill for an ordinance approving a proposed Purchase and Sale Agreement among the City and County of Denver and RTD and Union Station Land Company, LLC for the City's purchase and subsequent sale of the Market Street Station property.
(LAND USE, TRANSPORTATION & INFRASTRUCTURE) Approves an agreement stating the terms of the City's purchase of the Market Street Station site from RTD for $11.436 million in reserve funds; RTD's continued possession and operation of the site; and the City's sale of the property to Union Station Neighborhood Company at a future date, anticipated to be 2014 or later when stated stipulations are met, for the City's purchase price plus 5% per year, or approximatley $14.5 million. The last regularly-scheduled Council meeting within the 30-day period is on 4-4-11. The Committee approved filing this bill at its meeting on 3-1-11.
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