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RESOLUTION NO. 30 SERIES 1999 A RESOLUTION APPROVING A PURCHASE AGREEMENT TO BUY AND SELL VACANT REAL ESTATE AND CONSERVATION EASEMENT WHEREAS, the City of Louisville is the owner of certain real property consisting of 33.738 acres located adjacent to Dillon Road approximately one-third of a mile west of the intersection of Dillon Road and South 96th Street, which property is known as the "Admor West Parcel" and is more particularly described in the Purchase Agreement attached hereto; and WHEREAS, an agreement has been proposed between the City of Louisville and the County of Boulder under which the County would purchase from the City a fifty percent undivided fee interest in the Admor West Parcel, including a fifty percent interest in the development rights for the Admor West Parcel, for a purchase price of three hundred and seventy-five thousand dollars ($375,000.00); and WHEREAS, under such agreement, the Admor West Parcel would be held and used jointly by the City and County as open space, and the City and County would grant reciprocal conservation easements over the Admor West Parcel pursuant to C.R.S. section 38-30.5-101 et seq., for the purposes of preserving and protecting for scenic, open space, agricultural, passive recreational and environmental uses, the natural condition and aesthetic and ecological features of the Admor West Parcel; and WHEREAS, the City Council has determined it is in the best interest of the City and its citizens to sell and convey to the County such fifty percent undivided fee interest in the Admor West Parcel, and to exchange with the County reciprocal conservation easements over the Admor West Parcel. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: 1. The proposed Purchase Agreement to Buy and Sell Vacant Real Estate and Conservation Easement between the City of Louisville and the County of Boulder, a copy of which is attached hereto and incorporated herein by this reference, is hereby approved. 2. The Mayor is hereby authorized to execute the attached Purchase Agreement on behalf of the City Council of the City of Louisville, except that the Mayor is hereby granted the authority to negotiate and approve such revisions to said Purchase 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 Purchase Agreement are not altered. 3. The Mayor, City Administrator and City Staff are further authorized to do all things