Laserfiche WebLink
• <br /> 1E1 COUWCIL COMUW$ICATI ..4 <br /> Initiated by Stephan T. Williamson <br /> Action Proposed Approval of gala Agreement <br /> Presented by C y AAdministratos <br /> Agreement to purchase 76.0 shares of Leyner Cottonwood Consolidated <br /> Ditch Company water and 3.0 shares Brie and Coal Creek Ditch Company <br /> water from Thomas C. Maley, Mary Alice Billings and the Mary Alice <br /> Billings Trust. The agreement also provides for the conveyance of <br /> an easement that may be useful to the City in future water rights <br /> transfer cases. The shares will be transferred to the City and <br /> held in escrow until all payments are made. <br /> • <br /> I EG L OPINION <br /> Approval recommended by Stephen T. Williamson. <br /> PIIIANCYAL DITAILB <br /> Purchase price $106,000.00, $20,900.00 due at closing, the remaining <br /> balance due in four equal annual principal installments with interest <br /> at 7.5% per year. <br /> SMt�'1!Bp AC1QM 0* _ T'IOMIi <br /> Approval of Agreement. <br /> DAT/ smarm ACINDA ITEM <br /> 9-11-86 AMPBANCLIO PVIUMAM; YATUSUM <br /> 3C <br />