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RESOLUTION NO. 39 <br />SERIES 1998 <br /> <br /> A RESOLUTION APPROVING A PURCHASE CONTRACT TO BUY AND SELL <br />VACANT REAL ESTATE, WATER RIGHTS AND CONSERVATION EASEMENT <br /> <br /> WHEREAS, the City of Louisville and County of Boulder desire to purchase for open space, <br />conservation, and right-of-way purposes title to and a conservation easement in certain parcels of <br />real estate totaling approximately 296 acres and located on the west side of 96th Street and the north <br />side of Dillon Road, together with certain water rights (hereinafter "the Property"); and <br /> <br /> WHEREAS, the City and County have negotiated with the owners of the Property a <br />Purchase Contract to Buy and Sell Vacant Real Estate, Water Rights and Conservation Easement; <br />and <br /> <br /> WHEREAS, the owner of the Property, Klubert Warembourg, Helen Rose Warembourg and <br />Warembourg Colorado Ranches, LLC, have stated their desire to sell the Property to the City and <br />County upon the terms and conditions described in a mutually-agreeable Purchase Contract. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br /> <br /> 1. The proposed Purchase Contract to Buy and Sell Vacant Real Estate, Water Rights <br />and Conservation Easement between the City of Louisville, County of Boulder and Warembourg <br />Colorado Ranches, LLC, and Klubert and Helen Rose Warembourg regarding the Property is hereby <br />approved in essentially the same form as the copy of such Purchase Contract accompanying this <br />Resolution. <br /> <br /> 2. The Mayor is authorized to execute the Purchase Contract, except that the Mayor is <br />hereby granted the authority to negotiate and approve such revisions to said Purchase Contract as the <br />Mayor determines are necessary or desirable for the protection of the City, so long as the essential <br />terms and conditions of the Purchase Contract are not altered. <br /> <br /> 3. The Mayor, City Administrator and City Staff are further authorized to do all things <br />necessary on behalf of the City to perform the obligations of the City under the Purchase Agreement, <br />and to execute and deliver any and all documents necessary to effect the purchase of the Property <br />under the terms and conditions of the Purchase Contract. <br /> <br /> ADOPTED this 21st day of July, 1998. <br /> <br />ATTE~ <br /> <br />· Tom'-~avids~n~ ~ayor <br /> <br /> <br />