No preview available
HomeMy WebLinkAboutR09-079 Resolution Loan from General Fund to Open Space FundCommissioner ~~'~~~ moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RI;SOLUTION NO. 2009- ~ ~~ RESOLUTION AUTHORIZING AN INTERFUND LOAN FROM THE G~NERAL FUND TO THE OPEN SPACE FUND FOR THE PURCHASE OF THE PROPERTY LOCATED AT 6024 U.S. HIGHWAY 6 AND AUTHORIZING THE CHAIRMAN OF THE BOARD OF EAGLE COUNTY COMMISSIONERS TO EXECLrTE ON ITS BEHALF ANY AND ALL NECESSARY DOCUMENTS, INSTRUMENTS, PAPERS OI2 OTHER FORMS INCIDENTAL TO THE PURCHASE OF SAID PROPERTY WHEREAS, on July 1, 2009, Eagle County contracted to btry the real property located at 6024 U.S. Highway 6(the "Property"), which contract was ratified by the Board of County Commissioners for Eagle County (the `Board") at a regular me eting on July 7, 2009 (the "Contract"); and WHEREAS, on August 10, 2009, the Eagle County Open Space Advisory Committee ("OSAC") recommended use of Open Space Funds for the purchase of the Property; and WHEREAS, on August I 1, 2009, the Board considered the OSAC recommendation and determined that initially General Funds should be used for the purchase of the property to facilitate necessary and desirable modifications of the Property prior to dedication of the Property to open space and concomitant reimbursement of the General Fund with monies from the Open Space Fund as recommended by OSAC, such use of General Fund monies to be considered a non-interest bearing loan to the Open Space Fund; and WHEREAS, the Board wishes to ensure that all relevant documents are timely signed by the County to facilitate closing on the Property. NOW, THEREFORF., BE IT RESOLVED BY THE EAGLE COUNTY BOARD OF COUNTY COMMISSIONERS: THAT, the Board of County Commissioners hereby authorizes and directs the use of Open Space Funds, via a loan from the General Fund, for the purchase of the Property. THAT, the Board of County Commissioners reserves the right to require repaymeizt of the loan at any time. THAT, the Board of County Commissioners hereby authorizes the Chairman of the Board to execute on its behalf any and all necessary documents, instruments, papers or other forms relevant to the closing on the Property. THAT, in the eveiit the Chairman is not available to execute any and all relevant documents, instruments, papers or other forms, then any other Commissioner is hereby authorized to execute such documents on behalf of the Board of Eagle County Commissioners. THAT, this Resolution is necessary for the public health, safety and welfare of the . residents of the Co~inty of Eagle, State of Colorado. ADOPT~D by the Board of County Cominissioners of the County of Eagle, State of Colorado on this 17`~' day of August, 2009. COUNTY OF EAGLE, STATE OF COLORADO BY AND THROUGH ITS BOARD OF COUNTY COMMISSIONERS ~ By: ~1rrl Sara . . Fisher. C ~airman, Y~// . , a f / By~.. : ..:t-' ~ k' Petei~ 1 . ~- i-/,~% r ~ ..--''"~~ `'` '. ~ ~v J~~ Runyon, C By: Jon Stavney, Cominissioner ~ ~'o~c ATTEST: , ~~& ~ ~~G~~'~,( ~ ~ ~ ~ Teak Simonton c~~~ Eagle County Clerk & Recorde Commissioner ~~~`~~'~-"~ seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Fisher Commissioner Runyon Commissioner Stavney , '`~~ This Resolution passed by ~/(~ vote of the Board of County Commissioners of the County of Eagle, State of Colorado. TERM SH~ET 1) Requested hearin~ date: August 11, 2009 2) For County Mana~er si~nature: No 3) Requestin~ department: Community Development 4) Title: Resolution authorizing the expenditure of Open Space Funds for the purchase of the property located at 6024 U.S. Highway 6 in Eagle County and authorizing the Chairman of the Board of the Eagle County Commissioners to execute on its behalf any and all necessary documents, instruments, papers or other forms incidental to the purchase of said property. 5) Check one: Consent On the Record: X 6) Staff submittin~: Cliff Simonton 7) Purpose: To authorize the expenditure of open space funds for the purchase of the property and to authorize the Chairman of the Board to sign all necessary documents for the closing. 8) Schedule: The contract to purchase the property is contingent upon the BoCC decision to use Open Space Funds. The closing date is scheduled for August 17, 2009. 9) Financial considerations: Purchase Price is $425,000 10) Otber: ~ ~ TCO ~~ ~,r ~ .~ ~qgle Coun A em '~- / ~ " ~gls County Commissio:rR~"~~ 1 ~ ' ~/ ~-' ~~ I ~~ % ~~-~,, ~'~~~ ~~( ~ .