Ordinance 2001-1372 - Laserfiche WebLink

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ORDINANCE NO. 1372 SERIES 2001 AN EMERGENCY ORDINANCE AUTHORIZING THE PAYMENT OF CITY MONEYS FOR THE ACQUISITION OF VACANT REAL ESTATE FOR OPEN SPACE PURPOSES WHEREAS, the City of Louisville, City of Lafayette and County of Boulder intend to enter into a Purchase Agreement with Fingru AG, Inc., and an Agreement to Exchange Reciprocal Conservation Easements, for the acquisition, for open space purposes, of approximately 55.34 acres of property owned by Fingru AG, Inc. (the "Property"); and WHEREAS, the Property lies within the City of Lafayette between Empire Road and Coal Creek and northwest of the intersection of Empire Road and South 104th Street, and is more particularly described in Exhibit A; and WHEREAS, Louisville, Lafayette and Boulder County shall pay the owner of the Property a total purchase price of two million three hundred thousand dollars ($2,300,000.00), for the Property, with the City to pay five hundred and seventy five hundred dollars ($575,000.00) of the total purchase price; and WHEREAS, the City Council by this ordinance desires to identify the sources of funding for such purchase and otherwise comply with Section 31-25-202, Colorado Revised Statutes. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: ~ection 1. Unless other funds become available for use by the City as determined by the City Council, moneys from the City Conservation Trust Fund - Land Acquisition shall be used to pay the City's share of the purchase price of the Property, which Property is described on Exhibit A and in the Purchase Agreement therefor. ~. City payment for the Property shall be made in cash, certified funds or City warrant, subject to the Purchase Agreement and to any necessary budgetary transfers or supplementary budgets and appropriations in accordance with State law. ~. Nothing in this Ordinance is intended to nor should be construed to create any multiple-fiscal year direct or indirect City debt or fiscal obligation whatsoever. ~ection 4. If any portion of this ordinance is held to be invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council hereby declares that it would have passed this ordinance and each part hereof irrespective of the fact that any one part be declared invalid.