HomeMy WebLinkAboutMINUTES Town Board 1987-06-15Loam u Cites jack, Lorimer County, Colorado, June 15
Minutes of a special
meeting of the Board of Trustees of the Town of Estes
Park, Lorimer County, Colorado. Meeting held in the Town Hall in said Town of Estes Park
on the 15 t<h day of
hour.
Meeting called to order by Mayor
June
Present: Mayor
Also Present:
AlcUr/tl
Absent: None
, A. D. 19 87 at regular meeting
H. Bernerd Dannels
H. B. Dannels Trustees:
Dale G. Hill,
Town Administrator
Gregory A. White,
Town Attorney
Norbert L. Aldrich,
David Barker,
Mark T. Brown,
Milan A. Dickinson,
David Habecker,
George J. Hix
Mayor Dannels called a "special" Town Board meeting to order to
consider a contract to purchase Windy Gap Water.
Town Attorney White reviewed the Contract whereby the Town would
sell 35 units of Windy Gap Water to M.D.C. Land Corporation. The
Contract contained a $50,000 earnest money payment. M.D.C.
would petition to the Municipal Subdistrict of the Northern
Colorado Water Conservancy District (NCWCD) for an allotment
contract for the beneficial use of water. Contingencies of the
Contract are (1) the property in question is included in the
Municipal Subdistrict, and (2) M.D.C. has made a "firm yield
determination." The precise amount of the Contract will be the
value at the date of closing of $3,178,000 invested at 6.5%
simple interest on April 1, 1987, less the %50,000 earnest money
payment. Town Attorney White stated M.D.C. was a very
substantial, solvent corporation. Following discussion, Trustee
Barker moved the Mayor be authorized to sign the Contract between
M.D.C. Land Corporation and the Town. Trustee Brown seconded the
motion and it passed by the following votes: Those voting "Yes"
Trustees Aldrich, Barker, Brown, Dickinson, Habecker and Hix.
Those voting "No" none. Town Attorney White also advised the
Town will continue to offer one more unit of Windy Gap water,
retaining 3 units.
There being no further business, the meeting adjourned.
Mayor
Town Clerk