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<br />jl <br />I <br /> <br />WHlJlEA.S. i.n the aforementioned deed made the 19th day <br />of May, 1954, the cornv..yance was subject to the following ,xo- <br />visions and conditlo,fts: <br /> <br /><a> In tbe ,event said property is not used by or <br /> <br /> <br />abandoned by HOllINS, CO., a Colorado corporation, for a period <br /> <br /> <br />of one calendar yeax', that the title to said property shall <br /> <br />revert to the Town elf :Louisville and all improvements placed <br />thereon by HOPICINS C:O., a Colorado co%poration, shall remain <br /> <br />thereon aa paxt of t:he real estate; <br /> <br />(b) In the event said property and 1mprov8lllent. are <br />offered for aale by HOIICINS CO., a Colorado corporation, then <br /> <br />the Town of Louisville shall have the first option to purchase <br /> <br />said improvement. at: any bona fide offered price acceptable to <br /> <br />HOftINS CO., and in the event the Town of Louisville do.. not <br /> <br />elect to buy said ulprovements, then the purchaser of said real <br /> <br />property and improve..nt. thereon shall pay to the Town of Louis- <br /> <br />ville the sum of OIu! Thousand Dollars ($1,000.00) for the real <br /> <br />property above descl~ibed; <br /> <br />(c) In tll. event the HOPlUNS 'CO.. a Colorado co%por- <br />ation, shall at any ttae pay to the Town of Louisville the sum <br />of One Thousand Dollax'. ($1,000.00) for the real property above <br /> <br />described, the titl.. to said property shall be free and clear of <br /> <br />the above conditionll and BORIN! CO., a Colorado corporation, <br /> <br />shall have the fee l;iDtple title to said property. The recording <br /> <br />of any receipt for 1t:M payment of said One Thousand Dollars <br />'$1,000.00) in the c)f1:1.ce of the County I.ecorder of Boulder <br /> <br />,nty. Colorado, sbal.l be a release of the above conditions <br />