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Home My WebLink AboutRESOLUTION 15-0600RESOLUTIONNO.15-06RECITALS1.Inthefallof1997,theTownwasapproachedbyNationalGeographic/DestinationCinemawithregardtothepossiblepurchaseoftheMunicipalBuildinginordertodevelopanIMAXtheatreandassociatedretailandcommercialproperties.IntheeventthatnegotiationswithNationalGeographic/DestinationCinemaresultedinanagreementtoselltheMunicipalBuilding,thesaleoftheMunicipalBuildingwouldrequirepriorapprovaloftheTown’svoterspursuanttoSection31-15-713(1)(a)C.R.S.duetothefactthattheMunicipalBuildingpropertyhadbeenusedforgovernmentalpurposesastheTown’sadministrativeheadquarters.2.IntheeventtheMunicipalBuildingwassold,itwouldbenecessaryfortheTowntosecureasiteforanewmunicipalbuilding.OnNovember12,1997,theBoardofTrusteesapprovedthepassageofOrdinance16-97approvingaLease/OptiontoPurchaseAgreementforLot4,StanleyHistoricDistrictSubdivisiontotheTownofEstesParkfromStanleyViewsLtd.3.ThetermsandconditionsoftheLease/OptiontoPurchaseAgreementprovidedthattheTownhadpossessionofthepropertyduringthetermoftheLeaseandthatLot4beusedandoccupiedbytheTownanditssuccessors,transferees,assignsorrepresentativesduringtheleaseholdasamunicipalcenterand/oranyotherusepermittedbytheDevelopmentAgreementdatedJanuary17,1994betweentheTownandFHKCompany.4.OnJanuary5,1998,theTownreceivedaletterdatedDecember30,1997fromNationalGeographic/DestinationCinemainformingtheTownthatNationalGeographic/DestinationCinemawaswithdrawingfromnegotiationsforapossiblepurchaseoftheMunicipalBuilding.OnJanuary13,1998ataregularmeetingoftheTownBoard,TownAdministratorKlaphakeinformedtheTownBoardthattheTownintendedtocontinuediscussionswithNationalGeographic/DestinationCinemainthefuture.5.AfterJanuary1998,theTownand/ortheEstesParkUrbanRenewalAuthoritycontinuedtohavediscussionswithvariousentitiesregardingpossiblepurchaseoftheMunicipalBuildingfromtheTown.InordertocontinuetoretaintheoptiontopurchaseLot4asapossiblesiteforafutureMunicipalBuildingorotherpublicuseoftheproperty,theTownBoardappropriatedsufficientfundsduringitsannualbudgetprocesstocontinuetomakepaymentsrequiredundertheLease/OptiontoPurchaseAgreement. 06.In2003,theTownStaffdevelopeda5-yearCapitalImprovementPlan(CIP)fundedbytheTown’sCommunityReinvestmentFund.TheCIPincludedextensiveremodelingoftheMunicipalBuilding.7.Duringtheperiodfrom1999through2004,theTowncontemplatedtheuseofLot4fornumerouspublicpurposesincludingaparkinglot,asiteforrelocationoftheEstesParkPoliceDepartment,andasiteforaperformingartsfacility.8.InDecemberof2004,theTownwascontactedbyStanleyViewsLtdwithregardtothepossibleexecutionofthepurchaseoptionoftheLease/OptiontoPurchaseAgreementbytheTown.TheTownexerciseditsoptiontopurchaseLot4andreceivedtitletothepropertybyDeeddatedDecember31,2004.9.Beginningin2004,theTownreviewedpossibleoptionsfordevelopmentbytheTownofapublicuseofLot4.AGoalTeamformedbytheTownBoarddevelopedtwoscenariosforbuildingaperformingartsfacilityintheTown,oneinvolvingconstructionofsaidfacilityonLot4andtheotherforconstructionofsaidfacilityattheStanleyParkFairgrounds.ItwasthedeterminationoftheGoalTeamthatthebestlocationfortheperformingartscenterwouldbeattheStanleyParkFairgroundsandnotonLot4.TheGoalTeamrecommendedtotheCommunityDevelopmentCommitteeandtheTownBoardthatLot4besoldwiththeproceedsfromthesaletofurther,ifpossible,constructionoftheperformingartsfacilityatStanleyParkFairgrounds.10.OnJuly7,2005,theCommunityDevelopmentCommitteeoftheTownrecommendedsolicitationofproposalsforthesaleofLot4fromanyentitywishingtopurchaseLot4anddeveloptheproperty.TheTownBoardapprovedtherecommendationoftheCommunityDevelopmentCommitteeatitsregularmeetingofJuly12,2005.11.FollowingreviewofthethreeproposalsreceivedbytheTownpursuanttoitsrequestforproposals,theTownStaffrecommendedtotheTownBoardthattheTownapprovetheproposalofLOT4ED,LLC.12.AtitsregularmeetingofFebruary14,2006,theTownBoardapprovedenteringintotheRealEstateSalesContractbetweentheTownandLOT4ED,LLCforthesaleandpurchaseofLot4.NOWTHEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO,that: 001.Basedupontherecitalssetforthabovewhichareincorporatedhereinbyreference,theTownBoardherebyfinds,resolvesanddeterminesasfolows:a.TheLease/OptiontoPurchaseAgreementforLot4,StanleyHistoricDistrictSubdivisionbetweentheTownofEstesParkandStanleyViewsLtd.wasenteredintoforthepurposeofacquiringapossiblesitefortheconstructionofanewmunicipalbuildingoranyotherpublicpurpose.b.BetweenNovemberof1997andJulyof2005,theTownconsideredvariousproposalsforandusesofLot4including,butnotlimitedto,constructionofanewmunicipalbuilding,constructionofaparkinglot,relocationofthepostofficefromdowntownEstesParktoalleviatetrafficcongestionindowntownEstesPark,andconstructionofaperformingartsfacility.c.In2003,theTownBoarddeterminedthatthesaleortransferoftheMunicipalBuildingwasnotfeasibleandauthorizedtheremodelingoftheMunicipalBuilding.d.InDecember2004,theTownexerciseditsoptiontopurchaseLot4andacquiredtitletoLot4.e.InJuly2005,theTownBoarddeterminedthattherewasnolongeranyuseofLot4forpublicpurposesandauthorizedthesolicitationofproposalsforthepurchaseanddevelopmentofLot4inordertorecouptheTown’sinvestmentinLot4andprovidefundsfortheTown’spublicpurposesincluding,ifpossible,constructingimprovementsatStanleyParktofacilitatetheconstructionofaperformingartsfacility.Datedthis‘MdayofAugust,2006.TClerk