HomeMy WebLinkAboutRESOLUTION 1965-08RESOLUTION 1965-8
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE IUWN OF
ESTES PARK,COLORADO:
That the Mayor Pro Tern and the Chairman of the Public
Buildings Committee be and they are hereby authorized to enter
into negotiations with Park School District for a lease option
agreement of the old High School football field as described in
the option prepared by the Town’s attorney and previously sub
mitted to said School District.The monthly rent to be paid shall
be determined upon the amount to amortize the total sale price of
said property,not to exceed One Hundred Fifty Thousand Dollars
150,000.00),with interest at four per cent (47).The lease to
provide for an advance rental of One Thousand Dollars ($1,000.00)
upon the execution,and an additional Nineteen Thousand Dollars
19,000.00)advance rental on or before December 31,1965.The
lease option shall contain the privilege to prepay any amount of
the rent at any time with a corresponding reduction in interest
and an automatic exercise of the option upon payment of the lease
in full in accordance with its terms.
Adopted March 22,1965
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