City Council Agenda and Packet 1997 01 07

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0T'd LZ9T 86E 202 ORDINANCE NO. 1247 SERIES 1997 AN ORDINANCE APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND DUANE DAUGHENBAUGH AND-RUSSELL DAUGHENBAUGH WHEREAS, the City of Louisville'is the owner of a parcel of land of approximately 20 acres, located adjacent to Heritage Park at 8791 Cherry Street, Louisville, Colorado, and more particularly described on Exhibit A, attached hereto and incorporated herein by this reference (hereinafter the "City Property and WHEREAS, the City desires to lease the City Property to Duane Daughenbaugh upon the terms and conditions described in a mutually agreeabTe Lease Agreement. WHEREAS, the City Council by this ordinance desires to approve such lease as required by Section 31-15-712, Colorado Revised Statutes. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The proposed Lease Agreement between the City of Louisville and Duane Daughenbaugh regarding the City Property, as more particularly described on Exhibit A, is hereby approved in essentially the same form as the copy of such Lease Agreement accompanying this Ordinance. Section 2. The Mayor is authorized to execute the Lease Agreement, except that the Mayor is hereby granted the authority to negotiate and approve such revisions to said Lease Agreement as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Lease Agreement are not altered. Section 3. 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. INTRODUCED, READ, PASSED ON FIRST READING, AND ORDERED PUBLISHED this day of 1997. Tom Davidson, Mayor '0'd `9f10Ndl 8 SHlIddld9 Tb:OT L66T-20-NUf