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RESOLUTION NO. 10 <br /> SERIES 2003 <br /> <br />A RESOLUTION APPROVING A REAL ESTATE PURCHASE AND SALE <br />AGREEMENT FOR ACQUISTION OF CERTAIN PROPERY REQUIRED FOR THE <br />HIGHWAY 42/96TM STREET CONNECTION PROJECT <br /> <br /> WHEREAS, the City of Louisville has previously authorized and approved the Highway <br />42/96th Street Connection Project, for reconstruction and realignment of South 96th Street <br />through its connection with State Highway 42 (hereinafter referred to as the "Project"); and <br /> <br />WHEREAS, the Project is for a public use and purpose; and <br /> <br /> WHEREAS, it is necessary to acquire for the Project the property more particularly <br />described in Exhibit A to the agreement accompanying this Resolution (hereinafter "the Property"); <br />and <br /> <br /> WHEREAS, a Purchase and Sale Agreement has been proposed for City's acquisition of <br />the Property. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br /> <br /> 1. The proposed Purchase and Sale Agreement between the City of Louisville and <br />David John Mayhoffer, Leannah Mayhoffer Baron, Robert Patrick Mayhoffer and the John D. <br />Mayhoffer Trust, for the City's acquisition of the Property which is described in Exhibit A to such <br />Agreement, is hereby approved in essentially the same form as the copy of such Purchase and Sale <br />Agreement accompanying this Resolution. <br /> <br /> 2. The Mayor is authorized to execute the Purchase and Sale Agreement, except that <br />the Mayor is hereby granted the authority to negotiate and approve such revisions to said Purchase <br />and Sale Agreement as the Mayor determines are necessary or desirable for the protection of the <br />City, so long as the essential terms and conditions of the Purchase and Sale Agreement are not <br />altered. <br /> <br /> 3. The Mayor, City Administrator and City Staff are further authorized to do all things <br />necessary on behalf of the City to perform the obligations of the City under the Purchase and Sale <br />Agreement, and to execute and deliver any and all documents necessary to effect the purchase of <br />the Property under the terms and conditions of the Purchase and Sale Agreement. <br /> <br />PASSED AND ADOPTED this 15th day of April, 2003. <br /> <br />Tom ~s~[ll ~ayor <br /> <br /> <br />