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HomeMy WebLinkAboutORDINANCE 15-74© ORDINANCE NO.15-74 AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE TOWN OF ESTES PARK,COLORADO,BY CREATING A CONSERVATION TRUST FUND AS PROVIDED IN SECTION 158—1—98,COLORADO REVISED STATUTES 1965,AS AMENDED,THE SAME PERTAINING TO FUNDS FOR THE ACQUI SITION OF INTERESTS IN LAND AND WATER FOR NEW CONSERVATION SITES. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: Section 1.The Municipal Code of the town of Estes Park,Colorado,is hereby amended by adding thereto the following: Conservation Trust Fund——Created.A Conservation Trust Fund for the town of Estes Park,Colorado,is hereby created pursuant to the provisions and authority of Sections 158—1—98 and 159—82—5,C.R.S.1965,as amended. Definitions.The following words and phrases,when ever used in this ordinance,shall be construed as defined in this section;unless from the context,a different meaning is intended,or unless a different meaning is specifically defined and more particularly directed to the use of such words or phrases: 1.“Interests in land and water”means any and all rights and interests in land or water,or both,including fee interests and less than full fee interests such as future interests,developmental rights,easements,covenants,and contractural rights. 2.“New conservation sites”means interests in land and water,acquired after establishment of a conservation trust fund pursuant to this c ha p te i’,for park or recreation purposes,for all types of open space including but not limited to floodplains,greenbelts,agricultural lands,or scenic areas,or for any scientific,historic,scenic,recreational, aesthetic,or similar purpose.” 0 0 Deposit,use and purpose of fund.All moneys received from the state of Colorado shall be deposited in the Conservation Trust Fund created by this c hapter.All moneys in the Fund shall be used only for the acquisition, development,and maintenance of new conservation sites acquired after the establishment of said Fund. Term of interest in land or water.Every interest in land or water may be in perpetuity or for a fixed term and shall be deemed to run with the land or water to which it pertains,for the benefit of the citizens of this town. Authority to expend moneys.All moneys in the Conservation Trust Fund shall be expended solely upon the authorization of the board of trustees of the town. Section 2.If any part or parts of this ordinance are for any reason held to be invalid,such shall not affect the remaining portions of this ordinance. Section 3.The board of trustees of the town of Estes Park,Colorado,herewith finds,determines and designates that this ordinance is necessary for the immediate preservation of the public peace,health and safety,for the establishment of a conservation trust fund affects the public peace,health and safety;and whereas,in the opinion of the board of trustees,an emergency exists,this ordinance shall take effect and be in force five (5)days after its final passage,adoption and publication. PASED BY THE BOARD OF TRUSTEES AND SIGNED THIS fr’ DAY OF AAJJ ,1974.r -/ ‘— Mayor TGWN OF ESTES PARK,COLORADO (SEAL).. / ../ TEST: / /.v_ Town Clerk —2—