Resolution 2013-25 - Laserfiche WebLink

Home Browse Search

COLORADO DEPARTMENT OF ..... .:.. :... TRANSPORTATION MEMORANDUM OF AGREEMENT Project Code: 18907 Parcel No.: 8A Project No: NH 0361 -103, Segment F Location: US36: Foothills Pkwy: to McCaslin Blvd. County: Boulder State Highway No: 36 This agreement made on.(date) ,;2013 is between the State of Colorado: for the use and benefit of the Colorado Department of Transportation (GRANTEE) for the purchase of the parcel(s) listed above from the Owner(s) City of Louisville, a municipal :corporation of the. State of Colorado: (GRANTOR). Just compensation was, determined by an appropriate valuation procedure prepared in accordance with Colorado state laws and regulations. The amount -of money and/or compensation listed below is full consideration for the following land,, easements, improvements, and damages of any kind. Land (described in attached exhibits) Permanent and Slope Easements (described in attached exhibits) 5.0,383 Sq.ft® /acres❑ $34,210.00 0 Sq.ft® /acres❑ 0.00 Temporary Easements :(described in attached exhibits) 0 Sq.ftEj/acres❑ 0.00 Improvements: None. 0.00 Damages: None. 0.00 Other conditions: None. Gross Total Less Credit Net Total $34,210.00 $34,210.00 The GRANTOR: 1) Will, at the closing, pay all taxes (including prorated taxes for the current year) and special assessments' for the current year; 2) Has entered into this agreement only because the GRANTEE has the power of eminent domain and requires the property for public purposes; 3) Be responsible for securing releases from all. liens, judgments $ gments and encumbrances to deliver clear, unencumbered title. to GRANTEE AnYencumbrance required to be paid by GRANTOR shall be paid at o r before closing from the proceeds of the transaction hereby contemplated or from any other source;: 4) Will execute and deliver to GRANTEE those documents indicate d below; 5) Reserves from the subject property described herein in the attached Exhibits, the mineral estate and including all coal, oil, gas and other' hydrocarbons, and all clay and. all other minerals in and under said subject property. The GRANTOR hereby covenants :and' agrees that the GRANTEE shall forever have the right to take and use, without payment of further compensation to the GRANTOR, any and all sand, gravel, earth, rock, and other road building materials'found in or upon said subject property and belonging to the GRANTOR; and 6) The GRANTOR further covenants and agrees that no exploration for, or development of any of the products, as described above, and owned by the GRANTOR heretofore or hereafter the date set forth above and hereby excepted will ever be conducted on or'from'the surface of the premises described in; the attached Exhibits, and that in the event any of such operations may hereafter be tarried on beneath the surface of said premises, the GRANTOR shall perform no act which may impair the subsurface or lateral, support of said premises: These covenants and agreements hereunder, shall inure to and be binding' upon the GRANTOR and its heirs, personal and legal representatives, successors and assigns forever. Pagel; of Editions prior to 1/2012 are obsolete and may not be used CDOTForm. #784 —1/2011