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HomeMy WebLinkAbout2024 - RESO 25 - JCOS Reverter AgreementCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 25 Series of 2024 TITLE: A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT FOR AN OPEN SPACE REVERTER RELEASE WITH JEFFERSON COUNTY, MOVING AN EXISTING REVERTER FROM TOWN CENTER PARK TO THE GREEN AT 38TH WHEREAS, Jefferson County funds were used to purchase the 0.7-acre Town Center Park in 1982; and WHEREAS, this resulted in a reverter being placed on the property, which provides that the Town Center Park is quitclaimed to Wheat Ridge, so long as said property is used exclusively for public open space, park and recreational purposes; and WHEREAS, in order to remove the reverter and list Town Center Park for sale or use it for alternate purposes, the reverter must be moved to another park or open space property; and WHEREAS, the City of Wheat Ridge is taking ownership of The Green at 38th property from the Jefferson County School District, making this space a viable alternative for the reverter; and WHEREAS, Jefferson County, the City of Wheat Ridge, and the Jefferson County School District have all agreed to this approach and have included language in the Title documents that support this effort; and WHEREAS, the completion of this effort is subject to the condition of execution of the attached agreement. NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, that: Section 1. The City Council hereby authorizes the Mayor to sign the agreement for an open space reverter release. Section 2. This Resolution shall be effective upon adoption. DONE AND RESOLVED this 13th day of May 2024. Bud Starker, Mayor ATTEST: ______ Margy Greer, Sr. Deputy City Clerk