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HomeMy WebLinkAboutR15-014 Approval of Open Space Funds for Emma Farm Property Commissioner 12---1/9by...--t moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO.2015- U I l APPROVAL OF THE USE OF OPEN SPACE FUNDS FOR THE PURCHASE OF A CONSERVATION EASEMENT AND PUBLIC TRAIL EASEMENT ON A PORTION OF THE EMMA FARM PROPERTY ON HOOKS LANE,EAGLE COUNTY AND PITKIN COUNTY, COLORADO WHEREAS, on or about March 2, 2015, Pitkin County staff signed a contract that will be ratified by the Pitkin Board of County Commissioners on March 25, 2015, to purchase a conservation easement on approximately 49 acres of land located on Hooks Lane known as Emma Farm (hereinafter the"Property"); and WHEREAS, a public trail easement across a portion of the Property is to be conveyed to and managed by Pitkin County as part of the purchase; and WHEREAS,the conservation easement is to be jointly held, administered and enforced by Pitkin County and Aspen Valley Land Trust and will eliminate residential development and will severely restrict other forms of development on three legally created lots in Eagle County and one lot in Pitkin County; and WHEREAS, the purchase price for the conservation easement and public trail easement is two million dollars ($2,000,000) and related transaction costs (to be split equally by Pitkin County and Eagle County) are not to exceed nineteen thousand dollars ($19,000). Pitkin County has committed four hundred ninety-seven thousand five hundred dollars ($497,000) and the Town of Basalt has committed fifty thousand dollars ($50,000)toward the purchase. Eagle County is being asked to contribute up to one million four hundred seventy-two thousand dollars ($1,472,000) of Open Space Funds toward the purchase and associated transaction costs; and WHEREAS, Pitkin and Eagle have together submitted a grant application to Great Outdoors Colorado requesting six hundred sixty-seven thousand dollars ($667,000) to offset the costs of the purchase. In the event a grant is awarded, funds will be shared such that 75% of the proceeds will go to Eagle County and 25%to Pitkin County; and WHEREAS, at its March 9, 2015 meeting, the Eagle County Open Space Advisory Committee based on its findings, recommended approval of the use of one million four hundred seventy-two thousand dollars($1,472,000) from the Open Space Fund toward the preservation of the Property; and WHEREAS, at its regular meeting on March 17, 2015, Eagle County Board of County Commissioners considered the funding request, a presentation from staff, and the recommendation of the Open Space Advisory Committee. NOW, THEREFORE BE IT RESOLVED by the Board of County Commissioners of the County of Eagle, State of Colorado: THAT, the Board of County Commissioners hereby specifically authorizes the expenditure of up to one million four hundred seventy-two thousand dollars ($1,472,000) from the Open Space Fund with up to one million four hundred sixty-two thousand five hundred dollars ($1,462,500) to be used towards the purchase price and up to nine thousand five hundred dollars($9,500)to be used for due diligence fees, closing costs,title insurance, conservation easement stewardship endowment, and the like; and THAT, such expenditure of Open Space Funds shall be subject to satisfactory due diligence review, approval of the form of conservation easement for the Property, and inclusion in a supplemental budget to be separately considered by the Board of County Commissioners; 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 Eagle County, State of Colorado. MOVED AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado,at its regular meeting held the 11 day of IM ,2015. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its _0014 � BOARD OF COUNTY COMMISSIONERS ,` .� ATTEST: 11.4 -1(_ S l 144 bt__,-1 u * %LOw BY i .�L / Clerk to the Board of Kathy C /ndler-Henry County Commissioners Chairman v ieanne McQueeney Commissioner Ji an H. Ryan ommissioner