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