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HomeMy WebLinkAboutR13-105 Use of General Funds Glassier Ranch - 41.+x. Commissioner A moved adoption of the following resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2013- OS RESOLUTION APPROVING THE USE OF GENERAL FUNDS FOR THE PURCHASE AND PERMANENT PROTECTION OF THE GLASSIER RANCH WITH REIMBURSEMENT TO THE GENERAL FUND FROM THE OPEN SPACE FUND IN 2014 WHEREAS,the Board of County Commissioners of Eagle County, Colorado ("Board") passed Resolution 2013-070 supporting the acquisition and permanent protection of the Glassier Ranch(the"Property") in cooperation with Pitkin County; and WHEREAS, pursuant to Resolution 2013-070 the Board approved the expenditure of up to three million($3,000,000) dollars from the Open Space Fund subject to satisfactory due diligence review and receipt of an acceptable form of conservation easement for the Property; and WHEREAS, the closing on the purchase and preservation of the Property is anticipated to occur on or about January 6, 2014, at which time the Open Space Fund will have insufficient funds to allocate towards the transaction; and WHEREAS, the Board desires to authorize the use of General Funds for the purchase and acquisition of the Property so long as the General Fund is immediately reimbursed by the Open Space Fund when funds are available in 2014; and WHEREAS, the General Fund shall be reimbursed from the Open Space Fund no later than December 31, 2014 without interest. WHEREAS, The Open Space Fund will receive funds sufficient to reimburse the General Fund from tax revenues in 2014. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT,the Board hereby approves and authorizes the use of General Funds in the amount of$3,000,000 towards the acquisition and permanent protection of the Glassier Ranch, which will be officially authorized through adoption of the 2014 budget; and THAT, Open Space Funds shall reimburse the General Fund without interest as soon as the same become available in 2014 and in no event shall reimbursement occur later than . � w December 31, 2013; and THAT,the Board of County Commissioners finds, determines and declares that this Resolution is necessary for the public health, safety and welfare of the citizens of the County of Eagle, State of Colorado. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held this I ' day of NO V,.2013. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its RD OF COUNTY COMMISSIONERS 0I0%ATTEST: $ s - aloy*-. • Sia/14)--42 Clerk to the Board if Sara J. Fisher County Commissioners Chair Vls `i.'an H. Ryan Co ssioner .? Ai •111/14 11.d I Kathy Ch.;s ler-Henry Commissioner Commissioner 11-`7 seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Fisher 4-14 u , Commissioner Ryan w Commissioner Chandler-Henry This resolution passed by U vote of the Board of County Commissioners of the County of Eagle, State of Colorado.