Ordinance 1999-1299 - Laserfiche WebLink

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WHEREAS, there may also be applied to the purchase of fee title interests in and conservation easements over the Northwest Parkway Open Space Parcels five million dollars ($5,000,000) of the funds to be made available for open space purchases from the financing proceeds obtained by the entity or entities financing the Northwest Parkway, as provided in the February 19, 1999, Northwest Parkway Intergovernmental Agreement among the City, County, City of Broomfield and City of Lafayette; and WHEREAS, the City and County further intend to enter into such IGA for the purchase and sale of a conservation easement over a certain parcel of real estate totaling approximately 21 acres, depicted and described in Exhibit F, and generally located adjacent to the north side of U.S. Highway 36 between South 88th Street and Centura Avista Hospital, for the purpose of open space and conservation (the "Scriffiny Conservation Easement"); and WHEREAS, the City shall pay a total purchase price not to exceed one hundred and twenty-six thousand dollars ($126,000.00), for the Scriffiny Conservation Easement; and WHEREAS, the City Council by this ordinance desires to identify the sources of funding for such purchases 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 following funds may be used to pay to the County during 1999 the maximum two million dollar ($2,000,000.00) purchase price for Parcel 1 of the Parkway Open Space Parcels, which Parcel 1 is depicted on Exhibit A and described in Exhibit C, each attached hereto and incorporated herein by reference: Conservation Trust-Land Acquisition Fund: General Fund: $1,500,000 500,000 Total $2,000,000 Section 2. Unless other funds become available for use by the City as determined by the City Council, moneys from the Conservation Trust-Land Acquisition Fund may be used to pay to the County during 2000 and 2001 a maximum, in each year, of eight hundred and seventy-six thousand eight hundred and thirty-six dollars and seventy-five cents ($876,836.75) for Parkway Open Space Parcels 2 and 3, which Parcels are depicted on Exhibit A and described, respectively, in Exhibit D and E, each attached hereto and incorporated herein by reference. Section 3. There may also be applied to the purchase of fee title interests in and conservation easements over the Northwest Parkway Open Space Parcels five million dollars ($5,000,000) of the funds to be made available for open space purchases from the financing