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ORDINANCE NO. 1658 SERIES 2014 AN ORDINANCE AUTHORIZING THE EXCHANGE OF INTERESTS IN PARCELS OF PROPERTY OWNED BY THE CITY OF LOUISVILLE AND THE COLORADO DEPARTMENT OF TRANSPORTATION FOR COMPLETION OF SEGMENT E OF PHASE II OF THE US 36 MANAGED LANE/BUS RAPID TRANSIT PROJECT WHEREAS, the City of Louisville is the owner of a parcel of property referred to as Parcel Number 8D (containing 12,782 square feet ±), which parcel is part of the McCaslin Boulevard right-of-way at the intersection of US 36 and McCaslin Boulevard, and which parcel is legally described on Exhibit A attached hereto (hereinafter"Parcel 8D"); and WHEREAS, the City of Louisville previously owned and by Ordinance No. 1129, Series 1994 vacated its interests in a parcel of property referred to as Parcel Number 8E (containing 3,407 square feet ±), which parcel was part of the 80th Street right-of-way adjacent to the intersection of US 36 and McCaslin Boulevard, and which parcel is legally described on Exhibit A attached hereto (hereinafter"Parcel 8E"); and WHEREAS,by its erroneous inclusion within a plat dedication, the City of Louisville has a purported interest in a parcel of property referred to as Parcel Number 8F (containing 759 square feet ±), which parcel was conveyed to the Colorado Department of Transportation (hereinafter "CDOT") in 1982 but was erroneously including within an area dedicated as Tract A, Colony Square (a/k/a Parcel S-3), and which parcel is adjacent to the US 36 right-of-way at the intersection of US 36 and McCaslin Boulevard and legally described on Exhibit A attached hereto (hereinafter "Parcel 8F;"Parcels 8D, 8E and 8F are hereinafter collectively referred to as "the Parcels"); and WHEREAS, the Colorado Department of Transportation (hereinafter "CDOT") is the owner of a parcel of property referred to as Parcel Number 25REV X (containing 4,991 square feet ±), which parcel is part of CDOT Parcel 25Rev as delineated on its Project No. T170-1(0) at the intersection of US 36 and McCaslin Boulevard, and which parcel is legally described on Exhibit A attached hereto (hereinafter"Parcel 25 REV X"); and WHEREAS, CDOT has advised the City that the Parcels are required for CDOT's completion of Phase II the US 36 Managed Lane/Bus Rapid Transit Project, CDOT Project Code 18907, Project No. NH 0361-103, Segment E(hereinafter"the Project"); and WHEREAS, CDOT and the City have further determined that the areas within the Parcels have been maintained by CDOT and the area within Parcel 25REV X has been maintained by the City, and CDOT and the City desire to exchange Parcel 25REV X for the City's interests in the Parcels in order to align and clear title to CDOT's and the City's respective ownership interests and maintenance areas at the intersection of US 36 and McCaslin Boulevard; and WHEREAS, CDOT has further advised the City that CDOT would, if necessary, exercise Ordinance No. 1658, Series 2014 Page 1 of 3