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RESOLUTION NO. 38 SERIES 1996 A RESOLUTION APPROVING A PROPERTY PURCHASE AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND BOULDER COUNTY, INCLUDING IN CONNECTION THEREWITH THE GRANTING OF RECIPROCAL CONSERVATION EASEMENTS AND THE PURCHASE OF CERTAIN WATER RIGHTS, CONCERNING PROPERTY KNOWN AS THE ADMOR PROPERTY WHEREAS, Boulder County ("County") has purchased fee title to certain property known as the Admor Property generally described as the North 1/2 of the Northeast 1/4 of Section 20, Township 1 South, Range 69 West of the 6th P.M., Boulder County, Colorado, totaling approximately 80 acresi and WHEREAS, the City of Louisville ("City" or "Louisville") desires to purchase from the County, and the County desires to sell to Louisville for open space purposes, upon the terms and conditions described in the Purchase Agreement, an undivided one- half interest in the eastern portion of the Admor Property (the "East Parcel"), to be held by the parties as tenants in common and pursuant to reciprocal conservation easements in gross between Louisville and the CountYi and WHEREAS, the County will convey the undivided one-half interest and conservation easement in the East Parcel to Louisville and enter into the Purchase Agreement only upon the condition, as set forth in the Purchase Agreement, that Louisville purchase the County'S entire fee interest to the Western portion of the Admor Property (the "West Parcel") i and WHEREAS, Louisville, in order to obtain a one-half interest in the East Parcel for open space purposes and the grant of reciprocal conservation easements, is willing and able to purchase fee title from the County in the West Parceli and WHEREAS, the City Council believes it is in the best interests of the City to annex to Louisville the West Parcel for the purpose of limiting the annexation by other municipalities of land near the West parceli and 1