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RESOLUTION 06-89
0RESOLUTIONNO.__________WHEREAS,theTownofEstesPark(“Town”),M.D.C.LandCorporation,aColoradoCorporation,(“M.D.C.”),andSuperiorMetropolitanDistrictNo.1(“Superior”)enteredintoa“ContracttoPurchaseWindyGapWater”datedJune15,1987,“AmendmenttoContracttoPurchaseWindyGapWater”datedMarch28,1988,“SecondAmendmenttoContracttoPurchaseWindyGapWater”datedMarch31,1988,“ThirdAmendmenttoContracttoPurchaseWindyGapWater”datedNovember14,1988,and“FourthAmendmenttoContracttoPurchaseWindyGapWater”datedFebruary17,1989;andWHEREAS,itisnecessaryfortheTowntoexecuteaWarrantyasmorefullysetforthinparagraph5.2.a.oftheContract;andWHEREAS,itmaybenecessarytoexecuteanyotherdocumentsrequiredbyM.D.C.,Superiorand/orMunicipalSubdistrict,NorthernColoradoWaterConservancyDistricttoclosethecontract.NOWTHEREFORE,beitresolvedbytheBoardofTrusteesoftheTownofEstesPark:1.TheappropriateofficialsoftheTownofEstesParkareherebyauthorizedtoexecuteanyandalldocumentsnecessarytoclosethetransactionaccordingtothetermsandconditionsoftheaforementionedcontractandagreementstheretoand/orrequirementsofMunicipalSubdistrict,NorthernColoradoWaterConservancyDistricttoclosetheContract.2.TheMayorandTownClerkareherebyauthorizedtoexecutetheWarrantyintheformattachedheretoandincorporatedhereinbyreference.MayorATTEST:744)TownClerk C0 0CWARRANTYTO:SuperiorMetropolitanDistrictNo.1Garyii.Mandarich,President3600S.Yosemite,#1000Denver,Co80237M.D.C.LandCorporationGaryL.Mandarich,President3600S.Yosemite,#1000Denver,CO80237Pursuanttotheprovisionsofparagraph5.2.a.oftheContracttoPurchaseWindyGapWaterdatedJune15,1987,theTownofEstesParkwarrantsthatitholdsfullandcompletetitletothe35unitsofSubdistrictWaterpursuanttothetermsandconditionsofthePetitiontoMunicipalSubdistrictNorthernColoradoWaterConservancyDistrictforWaterAllotmentContractdatedJuly11,1975,freeandclearfromallencumbrances,liensorclaims,whetherassertedorunasserted,excepttheSeriesCandSeriesDWaterRevenueBondsoftheMunicipalSubdistrict,NorthernColoradoWaterConservancyDistrict.TheTownofEstesParkfurtherwarrantsthatallpaymentsrequiredtoFebruary17,1989,arecurrent.DATEDthis17thdayofFebruary,1989.MayorATTEST:oTownClerk Ca