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HomeMy WebLinkAboutResolution-2007-0010 CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 10 Series of 2007 TITLE: A RESOLUTION DISCLAIMING ANY INTEREST OF CITY IN LOT 2, INDEPENDENCE BUSINESS PARK SUBDIVISION, 1ST AMENDMENT, JEFFERSON COUNTY, COLORADO WHEREAS, On May 1, 2001, the City entered into an agreement with 5000 Independence Street LLC, the owner of a parcel of real property in the City; and WHEREAS, a portion of the property (Lot 1) is a commerciallindustrial property; and WHEREAS, the remaining portion (Lot 2) is a lake adjacent to Clear Creek; and WHEREAS, the Agreement contained two (2) provisions: First, a settlement on payment of use taxes owed by Star Guide, a prior owner of the property. That provision has been fully complied with; and WHEREAS, the second provision of the Agreement grants a "Right of First Opportunity" to the City to acquire Lot 2. This right expires six (6) months after the City fails to exercise it, after notice trom the owner, or if the owner sells Lot 1; and WHEREAS, the owner intends to sell Lot 1 together with Lot 2. Because of this, the Right of First Opportunity will expire. NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council: Section 1. The City Council, acting on behalf of the City of Wheat Ridge, Colorado hereby disclaims any right, title, or interest in the following real property arising in any respect from the Agreement for Resolution of Use Tax Claims between 5000 Independence Street LLC and the City of Wheat Ridge, dated May 1, 2001: Lot 2, INDEPENDENCE BUSINESS PARK SUBDIVISION, First Amendment, City of Wheat Ridge, Jefferson County, Colorado. Section 2. This Resolution shall be effective upon adoption. DONE AND RESOLVED this i{t'f- dayof,~l', I I ,2007. ATTEST: I V-' I ' , '\; I I I /: jd! I 'II ( '.' /, I Jerry D!TulliJ, Mayor / ,J ~ Michael Snow, City Clerk 2 ,'" ;' , I ~ \....