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HomeMy WebLinkAboutR16-039 Open Space Funds Toward A&R Investment Property Commissioner pt,t 4- - moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO.2016- b)el RESOLUTION APPROVING THE CONTRIBUTION OF OPEN SPACE FUNDS TOWARD THE TOWN OF EAGLE'S PURCHASE AND PERMANENT PRESERVATION OF THE A&R INVESTMENT PROPERTY WHEREAS,on or about March 18, 2016,the Town of Eagle entered into a contract to purchase approximately 160 acres of land located in Eagle County, Colorado near Abrams Gulch Drive in Eagle, Colorado known as the A&R Investment Property(hereinafter the"Property"); and WHEREAS,through Eagle County Resolution No. 2004-015,Eagle County established its Open Space Program which permits the acquisition and/or permanent preservation of Open Space by Eagle County or the County in partnership with other public or private entities; and WHEREAS,the Town of Eagle desires to purchase the Property in order to preserve the wildlife habitat and scenic qualities,as well as the public recreational potential of the Property. The Town of Eagle currently has the Property under contract with an anticipated closing date of May 31, 2016.The Property will be owned and managed by the Town of Eagle for the benefit of the public for habitat conservation and outdoor recreation purposes subject to a conservation easement that will be conveyed to the Eagle Valley Land Trust simultaneous with the purchase; and WHEREAS,the purchase price for the Property is seven hundred thirty five thousand dollars ($735,000).The Town of Eagle has committed one hundred forty four thousand dollars($144,000)and the Eagle Ranch Wildlife Commission has also committed one hundred forty four thousand dollars ($144,000)towards the purchase of the Property.Eagle County is being asked to contribute up to four hundred forty seven thousand dollars ($447,000)towards the purchase and conservation of the Property and up to ninety three thousand eight hundred dollars ($93,800)towards stewardship and other associated transaction costs; and WHEREAS, at its February 8,2016 meeting,the Eagle County Open Space Advisory Committee based on its findings,recommended approval of the use of four hundred forty seven thousand dollars ($447,000)toward the Town's purchase and conservation of the Property and up to ninety three thousand eight hundred dollars($93,800)toward stewardship and other transaction costs for the Property; and WHEREAS,at its regular meeting on May 10,2016,Eagle County Board of County Commissioners considered the funding request, a presentation from staff, and the recommendation of the Open Space Advisory Committee. APPROE i AS TO FORM By: fix{ , ?' ,//1rG%% ,acme C. ty Attorneys Office By: Eagle County.Commissioners' Office 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 four hundred forty seven thousand dollars($447,000) from the Open Space Fund be allocated toward the purchase and conservation of the Property and an additional ninety three thousand eight hundred dollars ($93,800) be allocated towards stewardship and other transaction costs such as fees associated with due diligence, closing costs, title insurance,conservation easement stewardship endowment, land trust project fees,and the like; and THAT, such expenditure of Open Space Funds shall be subject to satisfactory due diligence review and approval of the conservation easement all in a form acceptable to the Eagle County Attorney's Office; 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 to day of 'mil. ,2016. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its GL BOARD OF COUNTY COMMISSIONERS ATTEST: i ,: 4 (Ml(_ cs 11.4"-o p By: Clerk to t he board of e nne McQueene County Commissioners hair A . han . Ryan Co issione Kathy C F.ndler-Henry Commissioner Commissioner seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner McQueeney 1 k Commissioner Ryan Commissioner Chandler-Henry 4., This resolution passed by / vote of the Board of County Commissioners of the County of Eagle, State of Colorado