Ordinance 1999-1320 - Laserfiche WebLink

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ORDINANCE NO. 1320 SERIES 1999 AN EMERGENCY ORDINANCE AUTHORIZING THE PAYMENT OF CITY MONEYS FOR THE ACQUISITION OF VACANT REAL ESTATE FOR PARK PURPOSES WHEREAS, the City of Louisville and Robert W. and Carol D. Lathrop have entered into a Purchase Contract for the City's acquisition for park purposes of a parcel of land of approximately 10 acres, located at the south end of Main and Front Streets between Roosevelt Avenue and County Road, and more particularly described on Exhibit A, attached hereto and incorporated herein by this reference (hereinafter "the Property"); and WHEREAS, the Purchase Contract provides that the City shall pay the owners of the Property a total purchase price of Two Hundred and Twenty Thousand Two Hundred Dollars ($220,200.00) for the Property; and WHEREAS, the City Council by this ordinance desires to identify the source of funding for such purchase and otherwise comply with Section 31-25-202, Colorado Revised Statutes. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Unless other funds become available for use by the City as determined by the City Council, moneys from the City Conservation Trust Fund shall be used to pay the purchase price of the ProPerty, which Property is described on Exhibit A and in Purchase Contract therefor. Section 2. City payment for the Property shall be made in cash, certified funds or City warrant, subject to the Purchase Contract and to any necessary budgetary transfers or supplementary budgets and appropriations in accordance with State law. Section 3. Nothing in this Ordinance is intended to nor should be construed to create any multiple-fiscal year direct or indirect City debt or fiscal obligation whatsoever. Section4. The City Council herewith finds, determines, and declares that this Ordinance is necessary for the immediate preservation of the public health and safety in order to effectuate the timely purchase of the Property for park purposes, and that this Ordinance shall take effect upon adoption and signing by the Mayor if approved by three-fourths of the members of the City Council. Section 5. If any portion of this ordinance is held to be invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council hereby declares that it would have passed this ordinance and each part hereof irrespective of the fact that any one part be declared invalid.