Ordinance 2000-1336 - Laserfiche WebLink

Home Browse Search

ORDINANCE NO. :].336 SER2ES 2000 AN ORDINANCE AUTHOR2Z]NG THE PAYMENT OF CITY MONEYS FOR THE ACQUZS~r~ON OF VACANT REAL ESTATE AND WATER R~GHTS FOR OPEN SPACE PURPOSES WHEREAS, the City of Louisville, City of Lafayette and County of Boulder intend to enter into a Purchase Agreement with Al Barakah, L.L.C., for the acquisition, for open space purposes, of approximately 35.68 acres together with certain water rights (the "Property"); and WHEREAS, the Property is located on the northeast corner of the intersection of Highway 42 and South 104th Street adjacent to the Louisville Cemetery, and is more particularly described in Exhibit A; and WHEREAS, Louisville, Lafayette and Boulder County shall pay the owner of the Property a total purchase price of four hundred and fifty thousand dollars ($450,000.00), for the Property, with the City to pay one hundred and twelve thousand five hundred dollars ($112,500.00) of the total purchase price; and WHEREAS, the City Council by this ordinance desires to identify the sources of funding for such purchase and otherwise comply with Section 31-25-202, Colorado Revised Statutes. NOW~ THEREFORE~ BE Zl' ORDAZNED BY THE CZTY COUNCIL OF THE CITY OF LOU]SV~LLE~ 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 City's share of the purchase price of the Property, which Property is described on Exhibit A and in the Purchase Agreement therefor. Section 2. City payment for the Property shall be made in cash, certified funds or City warrant, subject to the Purchase Agreement 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. Section 4. Tf 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. Section 5. All other ordinances or portions thereof inconsistent or conflicting with this ordinance or any portion hereof are hereby repealed to the extent of such inconsistency or conflict. TNTRODUCED~ READ~ PASSED ON FIRST READTNG~ AND ORDERED PUBITSHED this 4m day of April, 2000. Tom Davidson, Mayor