Resolution 2011-08 - Laserfiche WebLink

Home Browse Search

IIIIIIIIIIII'�IIIIIIIIIIIIIIIiIINluwllnlllll9il :•a �`�aa Boulder County Clerk, CO GRANT OF CONSERVATION EASEMENT IN GROSS (REX THEATRE — 817 MAIN STREET) THIS GRANT OF CONSERVATION EASEMENT IN GROSS ("Easement") is made this 1 day of 'YY1ot-1 , 2011, by BLT Enterprises, LLC (hereinafter "Owner") to the City of Louisville, a Colorado home rule municipal corporation (hereinafter "City"). RECITALS WHEREAS, Owner is the owner in fee simple of certain real property (the "Property") and the improvements thereon (the "Structure") located at 817 Main Street, Louisville, Colorado, more particularly described in Exhibit A attached hereto and incorporated herein by reference; and WHEREAS, the Structure has certain elements of historical, architectural, and cultural interest and value, which elements are collectively described in Exhibit B attached hereto and incorporated herein by reference; and WHEREAS, in exchange for the grant of this Easement, the City has agreed to expend monies from its Historic Preservation Fund to allow Owner to restore and preserve portions of the Structure; and WHEREAS, the conservation purpose of this grant is recognized by, and will serve, at Ieast and without limitation, the following clearly delineated governmental conservation policy: C.R.S. § 38-30.5-101, et sec ., providing for the establishment of conservation easements "appropriate to the conservation and preservation of buildings, sites, or structures having historical, architectural, or cultural interest or value;" WHEREAS, Owner desires to grant to the City in perpetuity a conservation easement in gross, pursuant to Article 30.5, Title 38, C.R.S., over and across the Property for the purpose of preserving and protecting the Structure's historical, architectural, and cultural interest and value, which are of great importance to the Owner, City, and the people of the City of Louisville and are worthy of preservation; and WHEREAS, the City desires to acquire from Owner a conservation easement in gross on the Property, in order to preserve and protect the Structure's historical, architectural, and cultural interest and value in perpetuity consistent with the terms and conditions hereof. GRANT OF EASEMENT NOW, THEREFORE, in specific consideration for the expenditure of Historic Preservation Fund monies by the City for the preservation and restoration of the Structure as detailed in the grant application approved by City Resolution No. 8, Series 2011 (the "Project") and pursuant to Section 38-30.5-101, et seq., C.R.S., Owner intends and does hereby grant and convey to the City in perpetuity a Conservation Easement in Gross for the purposes of preserving 1