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RESOLUTION NO. 75 <br />SERIES 2025 <br />A RESOLUTION APPROVING A PURCHASE CONTRACT TO BUY AND SELL REAL <br />ESTATE FOR THE SALE OF THE CITY -OWNED PROPERTY AT 1016 MAIN STREET <br />WHEREAS, the City Council approved Resolution No. 55, Series 2025 on August 5, <br />2025, which authorized the use of Historic Preservation Fund (HPF) monies to purchase the <br />historic property located at 1016 Main Street (the "Property"); and <br />WHEREAS, the City plans to apply for historic landmarking designation for the <br />house located on the Property; and <br />WHEREAS, the City has received an offer to sell the Property for $1.4 million, <br />and a Purchase Contract to Buy and Sell Real Estate has been proposed; and <br />WHEREAS, the City desires to sell the Property upon the terms and conditions set <br />forth in the Purchase Contract, including the condition that the Property receives historic <br />landmark designation prior to closing. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />Section 1. That certain Contract to Buy and Sell Real Estate between the City of <br />Louisville and Marike and Gregory Fitzgerald for the City's sale of the Property (the <br />"Purchase Contract"), a copy of which Purchase Contract accompanies this resolution, is <br />hereby approved. <br />Section 2. The Mayor is authorized to execute the Purchase Contract, and the <br />Mayor is hereby further granted the authority to negotiate and approve such revisions to the <br />Purchase Contract as determined necessary or desirable for the protection of the City, so <br />long as the essential terms and conditions of the Purchase Contract are not altered. <br />Section 3. The Mayor, City Manager, City Clerk and City staff are further <br />authorized to do all things necessary on behalf of the City to perform the obligations of the <br />City under the Purchase Contract and this resolution, and are further authorized to execute <br />and deliver any and all documents necessary to effect the sale of the Property under the <br />terms and conditions of said Purchase Contract and this resolution, including but not limited <br />to execution and delivery of closing documents required by the Purchase Contract or the <br />title company in connection with closing. <br />PASSED AND ADOPTED this 7th day of October 2025. <br />Resolution No. 75, Series 2025 <br />Page 1 of 2 <br />