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RESOLUTION NO. 33 SERIES 2016 A RESOLUTION APPROVING A PURCHASE CONTRACT TO BUY AND SELL REAL ESTATE FOR THE CITY'S ACQUISTION OF PROPERTY LEGALLY DESCRIBED AS LOTS 9 AND 10, BLOCK 4, LOUISVILLE OLD TOWN WHEREAS, the City of Louisville desires to acquire certain real property located at 612 and 624 Main Street in Louisville, which property is owned by Blue Parrot, Inc., and is legally described as Lots 9 and 10, Block 4, Louisville Old Town (the "Property "); and WHEREAS, the owner of the Property desires to sell the Property to Louisville, and there has been submitted to City Council a Purchase Contract to Buy and Sell Real Estate ( "Purchase Contract ") for sale and purchase of the Property upon terms and conditions mutually agreeable to the City and owner; and WHEREAS, the City Council by this Resolution desires to approve the Purchase Contract and approve other actions in connection with the acquisition of the Property; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. That certain Contract to Buy and Sell Real Estate between the City of Louisville and Blue Parrot, Inc., including the amendment thereto, for the City's acquisition of the Property (the "Purchase Contract "), a copy of which Purchase Contract accompanies this Resolution, is hereby approved. Section 2. The Mayor and City Manager, or either of them, is authorized to execute the Purchase Contract, and the Mayor and City Manager, or either of them, are hereby further granted the authority to negotiate and approve such revisions to said Purchase Contract as they determine are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Purchase Contract are not altered. Section 3. The Mayor, City Manager, City Clerk and City Staff are further authorized to do all things necessary on behalf of the City to perform the obligations of the City under the Purchase Contract, and are further authorized to execute and deliver any and all documents necessary to effect the purchase of the Property under the terms and conditions of said Purchase Contract, including but not limited to execution and delivery of closing documents required by the Purchase Contract or the title company in connection with closing. Section 4. All actions heretofore taken (not inconsistent with the provisions hereof) by or on behalf of the City by the officers or agents of the City and relating to the Purchase Contract and the acquisition of the Property, including without limitation, the City Manager's Resolution No. 33, Series 2016 Page 1 of 2