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EPURA RESOLUTION 331
C0RESOLUTIONNO.331ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYAUTHORIZINGTHECHAIRMANTOENTERINTOREALESTATENEGOTIATIONSWHEREAS,theEstesParkUrbanRenewalAuthority(EPURA)hasbeenchargedwithtakingtheleadinthedevelopmentofaperformingartscenterandaculturalartscomplexindowntownEstesPark;andWHEREAS,theParkTheaterpropertyisadesirablecomponentofthisendeavorandnegotiationsareunderwaybetweenEPURAandtheownersoftheParkTheater;andWHEREAS,timeisoftheessencerelativeindeterminingthefeasibilityoftheacquisitionoftheParkTheater,itsrestorationandEPURAbondingtoimplementacquisitionandrestoration.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:TheChairmanisherebyauthorizedtoenterintorealestatenegotiationstoacquiretheParkTheaterandallpropertieswestoftheParkTheaterMall,withallappropriatecontingenciesincludinganappraisaltodeterminefairmarketvalueandtheavailabilityofbondingtofinancethepurchase.ADOPTED,this30thdayofApril,2003.ESTESPARKURBANRENEWALAUTHORITYChairmanATTEST:/I/—Secretary