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RESOLUTION NO. 11 SERIES 2002 A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT FOR THE ACQUISTION OF A FEE TITLE INTEREST IN AND RECIPROCAL CONSERVATION EASEMENTS OVER CERTAIN VACANT REAL ESTATE FOR OPEN SPACE PURPOSES WHEREAS, the County of Boulder ("County") is the owner of a certain parcel of land totaling approximately 154.48 acres, more or less, located at the southeast comer of the intersection of Colorado State Highway 42 and South 104th Street; and WHEREAS, the property is commonly referred to as the Mayhoffer Section 15 property and is more particularly described in Exhibit A to the Intergovernmental Agreement accompanying this Resolution (the "Property"); and WHEREAS, an Intergovernmental Agreement has been proposed among the City of Louisville, the City of Lafayette and the County for the purchase and sale of fee title interests in and reciprocal conservation easements over the Property; and WHEREAS, under the proposed Intergovernmental Agreement, Louisville and Lafayette will each acquire an undivided twenty-five percent fee interest in the Property and reciprocal conservation easements over the entire Property; and WHEREAS, the County has stated its desire to sell such interests in the Property to Louisville, and Louisville desires to acquire such interests in the Property, upon the terms and conditions of a mutually-agreeable purchase contract. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: 1. The proposed Intergovemmental Agreement ("IGA") among the City of Louisville, City of Lafayette and County of Boulder regarding the Property is hereby approved in essentially the same form as the copy of such accompanying this Resolution. 2. The Mayor is authorized to execute the IGA, except that the Mayor is hereby granted the authority to negotiate and approve such revisions to said IGA as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the IGA are not altered. 3. The Mayor, City Manager and City Staff are further authorized to do all things necessary on behalf of the City to perform the obligations of the City under the IGA, and are further authorized to execute and deliver any and all documents necessary to effect the purchase of the City's interests in the Property under the terms and conditions of said IGA.