Ordinance 2006-1494 - Laserfiche WebLink

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WHEREAS, James Peak Company and the City wish to clear the title to the Property by executing the quitclaim deed, attached hereto; and WHEREAS, Section 2.92.01 O.A of the Louisville Municipal Code provides that any sale or disposition of any real property owned by the City shall conform to the requirements of state law; and WHEREAS, Colorado Revised Statutes Section 31-15-713( 1 )(b) allows municipalities to sell and dispose of certain real estate by ordinance upon the terms and conditions as the city council may determine; and WHEREAS, the City Council has determined it is in the best interest of the City and its citizens to convey the Property upon the terms and conditions set forth herein. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILE, COLORADO: Section 1. The City Council hereby approves the conveyance by quitclaim deed from the City to James Peak Company of the Property legally described as follows: The perpetual right of way and easement, in and to the following described lands, to wit: Beginning at Corner NO.4 of the Mammoth Placer, United States Survey No. 5071, a point whence the east quarter corner of Section Twelve (12), Township Two (2) South, Range 74 West of the Sixth Principal Meridian bears north 22 degrees 12' east, 3190 feet; thence south 27 degrees 0' west, 1192 feet to Corner No. 5 of said Placer; thence south 5 degrees 54' west, 428 feet to Corner No. 6 of said Placer; thence south 37 degrees 45' west along the east line of said Placer, 100 feet; thence north 58 degrees 33' west, 168 feet; thence north 5 degrees 54' east, 373 feet to a point on the west boundary of said Placer whence Corner No. 24 of said Placer bears south 27 degrees 33' west, 238 feet; thence north 27 degrees 33' east, 1550 feet along the west boundary of said Placer; thence south 57 degrees 49' east, 170 feet to a point on the east boundary of said Placer; thence along the east boundary thereof, south 32 degrees 36' west, 170 feet to the place of beginning, containing in all 6.84 acres more or less. Said land being all located in Section Thirteen (13), Township Two (2) South, Range 74 West and being a part of the said Mammoth Placer, Survey No. 5071. County of Gilpin, State of Colorado. Section 2. The conveyance of Property shall be upon the terms and conditions set forth in proposed quitclaim deed, attached hereto as Exhibit A. The mayor and city 2