Ordinance 1999-1299 - Laserfiche WebLink

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ORDINANCE NO. 1299 SERIES 1999 AN ORDINANCE AUTHORIZING AND RELATING TO THE PAYMENT OF MONEYS FOR THE ACQUISITION OF FEE TITLE INTERESTS IN AND CONSERVATION EASEMENTS OVER CERTAIN VACANT PARCELS OF REAL ESTATE, TOGETHER WITH WATER RIGHTS, FOR OPEN SPACE, CONSERVATION AND RIGHT-OF-WAY PURPOSES WHEREAS, the City of Louisville ("City") and the County of Boulder ("County") intend to enter into an Intergovernmental Agreement CIGA") for the purchase and sale of fee title interests in and conservation easements over certain parcels of real estate, together with water rights, totaling approximately 290 acres, depicted on Exhibit A and described in Exhibit B, and generally located at the northeast and southwest comers of the intersection of Dillon Road and South 104th Street, for the purposes of open space and conservation, and potential right-of-way (the "Parkway Open Space Parcels"); and WHEREAS, under such IGA, the City and County intend that the City will purchase fee title interests in and conservation easements over the Parkway Open Space Parcels over a period of three years, subject to annual appropriation by the City of funds for such purpose; and WHEREAS, under such IGA, the County shall in 1999 convey to the City fee title to Parcel 1 of Parkway Open Space Parcels, which Parcel 1 is approximately 46 acres, as depicted on Exhibit A and described in Exhibit C, and each party shall convey to the other a conservation easement over its respective fee interests; and WHEREAS, under such IGA, the County shall in 2000 and 2001 convey to the City fee title to Parcels 2 and 3 of Parkway Open Space Parcels, which Parcels 2 and 3 total approximately 40 acres, as depicted on Exhibit A and described, respectively, in Exhibits D and E; and WHEREAS, under such IGA, the City and County shall convey fee title interests and conservation easements as necessary to provide the City and County each with an undivided fee interest in and a conservation easement over the entire 290 acres of Northwest Parkway Open Space Parcels, as depicted on Exhibit A and described on Exhibit B; and WHEREAS, under such IGA, the City shall pay a total purchase price not to exceed three million seven hundred and fifty-three thousand six hundred and seventy-three dollars and fifty cents ($3,753,673.50) for the Parkway Open Space Parcels, with payment for Parcel 1, to be conveyed to the City in 1999, not to exceed two million dollars ($2,000,000), and payments for Parcels 2 and 3, to be conveyed to the City in 2000 and 2001, not to exceed eight hundred and seventy~six thousand eight hundred and thirty-six dollars and seventy-five cents ($876,836.75) in each year for the years 2000 and 2001; and