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RESOLUTION NO. 45 SERIES 2001 A RESOLUTION SUBMITTING A BALLOT QUESTION ON A PROPOSED INITIATED ORDINANCE TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF LOUISVILLE AT THE REGULAR ELECTION TO BE HELD NOVEMBER 6, 2001. WHEREAS, the City Clerk of the City of Louisville has received and transmitted to the City Council a Petition of Initiative initiating a proposed ordinance entitled g. AN ORDINANCE DIRECTING THE CITY OF LOUISVILLE TO USE ITS POWERS OF EMINENT DOMAIN TO PURCHASE THE PROPERTY KNOWN AS THE FISCHER ANNEXATION"; and WHEREAS, the City Council has not adopted the proposed ordinance and will refer the proposed ordinance, in the form petitioned for, to the registered electors of the City at a regular election to be held November 6, 2001; and WHEREAS, pursuant to C.R.S. §31-11-111, Louisville Municipal Code § 1.16.045, and City Council Resolution No. 41, Series 2001, the City Clerk has set a ballot title for the initiative. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: 1. The following ballot question, certified in substantially the same form set forth below, is hereby referred to the registered electors of the City and shall appear on the ballot of the City of Louisville regular municipal election to be held November 6, 2001: Ballot Question SHALL THE CITY OF LOUISVILLE ADOPT AN INITIATED ORDINANCE REQUIRING THAT THE CITY USE ITS POWERS OF EMINENT DOMAIN TO CONDEMN AND PURCHASE THE 7.6-ACRE FISCHER ANNEXATION PROPERTY, EXCLUDING THE FISCHER HOMESTEAD OF NOT MORE THAN THREE-QUARTERS OF AN ACRE, AND PAY THE OWNER OF SAID PROPERTY 1TS FAIR MARKET VALUE PURSUANT TO STATUTE, WITH THE EXCLUDED HOMESTEAD AREA TO BE DESIGNATED BY THE OWNER OR BY THE CITY IF THE OWNER FAILS TO DO SO, AND WITH THE PROPERTY TO BE DEDICATED FOR USE AS A PARK OR OPEN SPACE AS DETERMINED BY THE CITY COUNCIL? YES NO