City Council Minutes 1993 04 06 - Laserfiche WebLink

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2.) The drainage paragraph of the agreement needs to be addressed. Louisville has suggested that the paragraph be eliminated or redrafted. It has not, as yet, been done. 3.) That Louisville retain the right to terminate its approval of all of the documents, if various conditions set out in the purchase agreement are found to exist, i.e., if certain warranties of the seller are found not to be correct at the time of closing, which is proposed for approximately May 1, 1993. 4.) The motion would provide that Louisville's approval of the document be contingent upon Boulder County and Lafayette approving the documents in the revised form and any other conditions that the Council might wish to propose. 5.) If the Council would wish to do so, permitting some non- substantive revisions, as long as there is a unanimous agreement among the Mayor, the City Administrator, and the City Attorney that the revisions are non-substantive. 6.) There should be some consideration of the sellers concerns that have been expressed to the Boulder County Attorney and transmitted to Griffiths today (SEE ATTACHED). Sisk: Griffiths: As I understood the memo on the underground tanks, the sellers were going to represent, but not warrant? My understanding was that there is currently a warranty. Let me check that. Davidson opened the Public Hearing. John Waschak, 627 West Hawthorn Street, Louisville, Colorado, stated that he felt that the Council had missed it by not having Louisville buy the Lastoka property outright. He wanted Council to approach the County and Lafayette about Louisville going ahead and buying the property by themselves. Lawrence Enrietto, 1000 LaFarge, Louisville, Colorado, made it clear that he was speaking just for himself and his mother-in-law, not for any firm or organization. He stated that this property has always been considered a part of Louisville, giving some of the history of the property and its owners. He commented that Susan Lastoka had told him that ever since the IGA agreement has been signed, Council had no idea what this agreement has done to her family. He felt that the land should be valued higher than what they're being paid. He would like to see the City of Louisville tender a reasonable offer to the Lastoka family to purchase this property, so the City of Louisville can control it and its own destiny, instead of Boulder County and Lafayette.