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EPURA RESOLUTION 186
aCRESOLUTIONNO.186ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYDECLARINGANINTENTTOACQUIREREALPROPERTYINTHEDOWNTOWNREDEVELOPMENTAREAANDAUTHORIZINGSTAFFTOPROCEEDWITHSUCHACQUISITIONWHEREAS,inaccordancewiththeEstesParkDowntownRedevelopmentProgram(Plan),theEstesParkUrbanRenewalAuthority(Authority)isencouragedtoprovideadditionaldowntownparking;andWHEREAS,aparcelofpropertylocatedat283MoraineAvenue,South45feetofLotsl3A,andallofLotsl4A,l5A,andl6AFirstRe-subdivision,BuenaVistaTerraceAdditiontotheTownofEstesPark,isunderpurchaseoptiontotheArtCenterofEstesPark;andWHEREAS,theArtCentercontactedtheAuthorityregardingtransferringthepurchaseoptionagreementtotheAuthority,whichagreementismadepartofthisresolutionbyreference;andWHEREAS,theAuthorityhasdeterminedthatsaidparcelofpropertymaybeusedinaccordancewiththePlan,forPublicParking;andWHEREAS,theAuthorityhasdeterminedthatthepurchasepriceisoffairvalue;andWHEREAS,thesaidpropertyiswithintheDowntownRedevelopmentArea.NOWTHEREFORE,BEITRESOLVEDBYTHEBOARDOFCOMMISSIONERSOFTHEESTESPARKURBANRENEWALAUTHORITYTHAT:1.TheAuthoritydeclaresitsintenttoacquireaparceloflanddescribedasSouth45feetofLotl3A,andallofLots14A,15A,and16A,FirstRe—subdivisionofBuenaVistaTerraceAdditiontotheTownofEstesParkwhichmaybeusedincompliancewiththePlan;and2.Thepurchasepriceofthepropertyis$165,000,withtheArtCenterofEstesParkhavingpaid$5,000asanoptionapplicabletopurchaseprice.Anadditionaloptionpaymentof$5,000isdueFebruary1,1993,andwillbepaidbytheAuthority.Therefore,thefundsduepropertyownersatclosingis$155,000withadjustmentsforcostsrelatedtoclosing,ifany. o03.Staffisauthorizedtoissuepaymentfor$5,000toownertocontinuepurchaseoptionineffectuntilAugust2,1993.4.ClosingonsubjectpropertywilltakeplaceinaccordancewiththeagreementwiththeArtCenterofEstesPark.5.TheStaffoftheAuthority,includinglegalcounsel,isauthorizedtotakeallnecessarystepsforacquisitionofsuchpropertyincluding,withoutlimitation,theinitiationofeminentdomainproceedings,ifrequiredforsuchacquisition.Adoptedthis27thdayofJanuary1993.ESTESPARKURBANRENEWALAUTHORITYrmanAttest:Secretary