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HomeMy WebLinkAboutResolution-2000-0015 RESOLUTION # 15-2000 SERIES OF 2000 TITLE: A RESOLUTION AUTHORIZING THE MAYOR TO SIGN THE NOTICE OF EXERCISE OF RIGHT OF FIRST REFUSAL FOR PURCHASE OF 3705 JAY STREET, WHEAT RIDGE, CO. WHEREAS, The Wheat Ridge City Council desires to purchase the Davis Property consisting of 5.3 acres of property more or less, located at 3705 Jay Street; and WHEREAS, The City of Wheat Ridge and the Davis Family have entered into an agreement giving the City of Wheat Ridge the First Right of Refusal to purchase said property if an offer is received by the Davis Family from other than the City; and WHEREAS, The Davis Family has received an offer to purchase the property from a purchaser other than the city; and WHEREAS, The Wheat Ridge City Council desire to exercise the First Right of Refusal to purchase the Davis Property; and NOW THERE FORE BE IT RESOLVED BY THE CITY COUNCIL OF WHEAT RIDGE THAT: 1) THE MAYOR BE AUTHORIZED TO SIGN THE NOTICE OF EXERCISE OF RIGHT OF FIRST REFUSAL FOR PURCHASE OF 3705 JAY STREET, THE DAVIS PROPERTY. 2) The City Staff to submit the purchase agreement to the Davis Family substantially in the form attached. DONE AND RESOLVED THIS 10TH DAY rk