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Ordinance 2021-1804
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Ordinance 2021-1804
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Last modified
10/16/2024 12:17:03 PM
Creation date
3/3/2021 1:22:28 PM
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City Council Records
Also Known As (aka)
1980CW451 - Water Stock in New Coal Ridge Ditch Company transferred to CK H2O Ventures_Sale of Water Stock Agreement
Meeting Date
2/16/2021
Doc Type
Ordinance
Ord/Res - Year
2021
Ord/Res - Number
1804
City Property Name
Infrastructure Water
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Company for the Storage Water Rights as a result of the Ditch Company's reorganization <br />in 1996, and, therefore, the City's Water Storage Rights now attributable to the City's <br />shares in the Baseline Land & Reservoir Company shall not be affected in any way by this <br />Agreement, the conveyance of the Water Stock to CK Ventures, or any subsequent Water <br />Court Decree or Substitute Water Supply Plan concerning the Water Stock. <br />6. NOTICE <br />All notices, demands, or other documents required or desired to be given, made, or sent <br />to either Party under this agreement shall be made in writing, shall be deemed effective upon <br />receipt, and shall be personally delivered or mailed postage prepaid, certified mail, return <br />receipt requested, as follows: <br />TO SELLER: <br />Director of Public Works <br />The City of Louisville <br />749 Main Street <br />Louisville, Colorado 80027 <br />WITH COPY TO: <br />Hill and Pollock, LLC <br />1528 Wazee Street <br />Denver, Colorado 80202 <br />TO PURCHASER: <br />CK H2O Ventures <br />14570 Clay Street <br />Broomfield, Colorado 80023 <br />WITH COPY TO: <br />John P. Justus <br />Karoline Henning <br />Hoskin Farina & Kampf, PC <br />200 Grand Avenue, Suite 400 <br />Post Office Box 40 <br />Grand Junction, Colorado 81502 <br />The addresses for notices may be changed by written notice given to the other Party as provided <br />above. <br />7. MISCELLANEOUS <br />a. Survival. All of the provisions and representations of the Parties to this Agreement shall <br />survive the Closing. The provisions of this Agreement shall survive the Closing and the <br />transfer of the certificate representing the Water Stock. <br />b. Severability. Unenforceability of any provision contained in this Agreement shall not <br />affect or impair the validity of any other provision of this Agreement, provided that the <br />primary purpose of the Agreement remains effectuated. <br />c. Merger. This Agreement constitutes the entire agreement between the Parties. It <br />supersedes any prior agreements or understandings. No amendment or modification of this <br />Agreement shall be of any force or effect unless in writing and executed by the Parties <br />hereto with the same formality as this Agreement. <br />Page 8 of 13 <br />
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