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HomeMy WebLinkAboutRESOLUTION 04-89RESOLUTIONNO.4-89ARESOLUTIONAUTHORIZINGTHETOWNOFESTESPARK,COLORADOTOCLOSETHETRANSACTIONFORPURCHASEOFASSETSFROMCRYSTALWATERCOMPANYWHEREAS,theTownofEstesPark,ColoradoenteredintoanAgreementwiththeCrystalWaterCompanydatedDecember7,1988,forthepurchaseofsubstantiallyalloftheassetsofCrystalWaterCompany,andWHEREAS,allthecontingenciessetforthinParagraph16oftheAgreementhavebeenmetorwaivedbythepartiesthereto,andWHEREAS,theTownandCrystalWaterCompanydesiretoclosethetransactionsetforthinsaidAgreement.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:Section1.ThattheAgreementdatedDecember7,1988betweenCrystalWaterCompanyandtheTownofEstesParkisherebyratified.Section2.ThattheappropriateofficialsoftheTownofEstesParkareherebyauthorizedtoclosethetransactionmorefullysetforthinsaidAgreementonFebruary17,1989,oranytimethereafter;includingbutnotlimitedtoexecutionofallnecessarydocumentsandnegotiableinstrumentstoclosethetransaction.ADOPTEDthisdayofFebruary,1989.TOWNOFESTESPARK,COLORADOBy:_____ATTEST:TownClerk