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HomeMy WebLinkAboutC01-305 Annexation Agreement Second Cooley Mesa Road1. Parties: The parties to this Annexation Agreement are the TOWN OF GYPSUM, COLORADO, a home rule municipal corporation organized pursuant to Article XX of the Colorado Constitution ( "Gypsum ") and EAGLE COUNTY, COLORADO, a body corporate and politic organized anct existing pursuant to the laws of the State of Colorado ( "Eagle County"), Eagle County and Gypsum together being referred to as "Parties." 2. Recitals and Purpose. A. Eagle County is the fee simple owner of a portion of Cooley Mesa Road in the vicinity of the Eagle County Airport as described on the attached Exhibit "A" (the "Property"). Such Property is also identified on the Second Cooley Mesa Road Annexation Map which is attached hereto as Exhibit "B." B. The property is also the subject of ' l form of a right of way easement be Such document is found in the rea G Reception No. 599027. C. The Property was to have been am when the remainder of Cooley Me pursuant to Town of Gypsum Ord: attached hereto as Exhibit "C" anc dated November 26, 1996 betweei the "1996 Annexation Agreement attached hereto and incorporated l D. Eagle County has filed a Petition' 12-,-17 E. Gypsum is under no legal obligation to annex the Property and may accept or reject the Petition for Annexation as a matter of its sole discretion. F. Gypsum may institute procedures to make the property subject to zoning and subdivision upon annexation in accordance with Section 31 -12 -115, C.R.S. G. The parties agree that it is desirable for Eagle County to annex the Property to Gypsum and for Gypsum to consider annexation. H. The parties, wish to enter into an agreement regarding the Property should it be annexed to Gypsum.