Ordinance 1999-1303 - Laserfiche WebLink

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Bo~lde~ Co~n~ CleH~ CO ORO R ORDINANCE NO. 1303 SERIES 1999 AN ORDINANCE AUTHORIZING THE SALE AND CONVEYANCE OF A HFTY PERCENT UNDIVIDED FEE INTEREST IN A 33-ACRE TRACT OF LAND OWNED BY THE CITY OF LOUISVILLE AND KNOWN AS THE ADMOR WEST PARCEL, AND AUTHORIZING THE EXCHANGE OF RECIPROCAL CONSERVATION EASEMENTS OVER SUCH PARCEL WHEREAS, the City of Louisville is the owner of certain real property consisting of 33.738 acres located adjacent to Dillon Road approximately one-third of a mile west of the intersection of Dillon Road and South 96th Street, which property is referred to as the "Admor West Parcel" and is more particularly described in Exhibit A attached hereto and incorporated herein by reference; and WHEREAS, at the time it purchased the Admor West Parcel, the City had no intent to acquire, use or hold the Admor West Parcel for any park, recreation, open space or any other governmental purpose within the meaning of C.R.S. section 31 - 15-713(1)(a); and WHEREAS, pursuant to the February 18, 1999, Intergovernmental Agreement, Southeast Boulder County, South 96th Street, Dillon Road and U.S. 287 Area Comprehensive Development Plan (the "Northwest Parkway IGA"), the Admor West Parcel has since been designated as a "City Preservation Area" for residential use with a density of no more than one unit per five acres; and WHEREAS, an intergovernmental agreement CIGA") has been proposed between the City of Louisville and the County of Boulder under which the County would purchase from the City a fifty percent undivided fee interest in the Admor West Parcel, including a fifty percent interest in the development rights for the Admor West Parcel as permitted under the Northwest Parkway IGA, for a purchase price of three hundred and seventy-five thousand dollars ($375,000.00); and WHEREAS, under such IGA, the Admor West Parcel would be held and used jointly by the City and County as open space, and the City and County would grant reciprocal conservation easements over the Admor West Parcel pursuant to C.R.S. section 38-30.5-101 et seq., for the purposes of preserving and protecting for scenic, open space, agricultural, passive recreational and environmental uses, the natural condition and aesthetic and ecological features of the Admor West Parcel; and WHEREAS, pursuant to C.R.S. section 31-15-713, the City Council desires to sell and convey to the County a fifty percent undivided fee interest in the Admor West Parcel, and to exchange reciprocal conservation easements over the Admor West Parcel; and WHEREAS, the City Council has determined it is in the best interest of the City and its citizens to sell and convey to the County such fifty percent undivided fee interest in the Admor 1955139 Page: 1 of 4 O ~.~ 1