Ordinance 2016-1729 - Laserfiche WebLink

Home Browse Search

Approximately the westerly 45 feet of Lots 9-10, Block 4, Town of Louisville, County of Boulder, State of Colorado, excepting a portion of land described as follows: Commencing at the northwest corner of said Lot 10, thence north 89° 11'06" east, along the north line of said Lot 10, a distance of 8.60 feet to a point on a west building face of an existing building and the Point of Beginning; thence continuing north 89° 11'06" east, along the north line of said Lot 10, a distance of 75.50 feet to a point on an east building face of said building; thence south 00° 52'31" east, along said east face of said building, a distance of 1.46 feet to the southeast corner of the said building; thence south 89° 07'29" west, along the south face line of the said building, a distance of 75.50 feet to the south west corner of the said building; thence north 00° 52'31" west, along a west face line of said building, a distance of 1.54 feet to the Point of Beginning, totaling approximately 4,147 square feet ("City Exchange Parcel"), upon the terms and condition set forth in this Ordinance. Section 2. Such conveyance of the City Exchange Parcel to 608 Studios shall be for and in consideration of 608 Studio's conveyance to the City of that certain real property legally described as the easterly 105 feet of Lot 8, Block 4, Town of Louisville, County of Boulder, State of Colorado ("608 Exchange Parcel"), totaling approximately 4,900 square feet. Section 3. The exchange and conveyance of the City and 608 Exchange Parcels shall be upon the terms and conditions set forth in that certain Contract to Exchange Real Estate ("Exchange Contract") between the City and 608 Studios, which Exchange Contract was approved by City Council Resolution No. 73, Series 2016, and which terms and conditions are incorporated herein by reference as though set forth in full. Section 4. The Mayor, City Manager or either of them, as well as the City Clerk and City Staff, are further authorized to execute and deliver all documents necessary in connection with the exchange and conveyance of the City and 608 Exchange Parcels and to do all things necessary on behalf of the City to perform the obligations of the City under such Exchange Contract, including without limitation the execution and delivery of all documents necessary or required by the title company in connection with the exchange and conveyance of the properties. The Mayor, City Manager or either of them and the City Clerk are further authorized to execute on behalf of the City a deed for the conveyance of the City Exchange Parcel to 608 Studios; provided, however, that such deed shall not be delivered to 608 Studios until 608 Studios has executed and delivered to the City, either previously or concurrently with the City's delivery, a deed conveying the 608 Exchange Parcel to the City in compliance with the terms and conditions of this Ordinance and the Exchange Contract. Section 5. The City Council finds and determines that the 608 Exchange Parcel is being acquired as a general asset of the City for potential parking uses and not as park or open space property, and that all or portions of the 608 Exchange Parcel, and any interests, licenses, rights or Ordinance 1729, Senes 2016 Page 2 of 3