City Council Minutes 1999 05 18 - Laserfiche WebLink

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City would buy Parcel 2, and in the following year, the City would buy Parcel 3. He stated that there is a minor change to the annual appropriation clause of the contract to recognize that the annual appropriation issue only affects Parcels 2 and 3 rather than Parcels 1 and 2. This is due to the reason that the City will buy Parcel 1 in this fiscal year. There is a change in the Agreement regarding development rights in which the City, when it buys each of the three parcels, would buy a corresponding amount of development rights. The City would receive nine residential units of density with Parcel 1, four residential units with Parcel 2, and three residential units with Parcel 3. Those units may be clustered on the northeast comer of the Boulder County Land Venture Property, if necessary. Otherwise the City and County would ultimately extinguish the development rights in a collective effort. Additionally, a proposed change to the Agreement that would affect this year's closing, would state that the County, at the time the City buys Parcel 1, would provide the City of Louisville a conservation easement over Parcel 4. The County is proposing to provide a conservation easement only over this property rather than all the properties except Parcel 1. There have been some minor changes to the title commitment to reflect an updated title commitment, which was received on May 17, 1999. There is a reference to an existing lease with regard to the Trillium Property. The lease is a month-to-month agricultural lease with a local rancher. The City would take the property subject to that lease agreement, in addition to leases that are currently of record. However, in the coming years, the City would have the ability to again examine title before buying Parcels 2 and 3. The County is also requesting that the City accept the environmental condition of the property as it's currently outlined in a Phase I Environmental Audit received May 14, 1999. He explained that he is going through the audit for any concerns and will discuss the issue further with the Mayor, arriving at a final conclusion in the next day or two as to whether that's an acceptable request. He stated that the date for preparation of a management plan concerning the Trillium & Boulder County Land Venture parcels has been left blank. He explained that the County has proposed that the plan be prepared only before December 31, 2000. He stated that if that were also Council's desire, the date would remain. He stated that an additional change that is not reflected in the document is the County's request for payment of any right-of-way that the City requires for either 104th Street or Dillon Road. The Agreement states that if the City and County finalize all transactions and become joint owners of both properties, at that time, if the City requires right-of-way for Dillon Road or 104th Street, it would reimburse the County for its net cost for that right-of-way. He explained that before that time, the current document reads that the County would be required to give that right-of-way to the City without cost. Finally, revisions have been made to the condemnation paragraph to more accurately reflect how condemnation proceeds would be shared. Davidson opened the public hearing and called for anyone wishing to speak on Resolution No. 24, Series 1999 - A Resolution Approving an Intergovernmental Agreement between the City of Louisville and the County of Boulder, Colorado, regarding the Purchase and Sale of Real Estate, Water Rights and Conservation Easements. NONE