HomeMy WebLinkAboutordinance.council.027-70RECORD OF PROCEEDINGS
ORDINANCE NO. ~
(Series of 1970)
100 L E. AVE. S
AN ORDINANCE AUTHORIZING THE PURCHASE OF REAL PROPERTY, OPEN SPACE,
AND IMPROVEMENTS; AND APPROPRIATING AND ALLOCATING FUNDS FROM THE
CITY ONE (1%) PERCENT SALES TAX FOR THE SALE OF REVENUE BONDS; AND
DECLARING AN EMERGENCY TO EXIST.
WHEREAS, the electors of the City of Aspen passed a
one (1%) percent sales tax, the funds from which are earmarked for
the acquiring of real property including open space, capital improve-
ments and the financing thereof.
AND WHEREAS, the City Council of the City of Aspen
deems it proper and expedient to acquire the property known as the
"golf course area" including improvements situate thereon, and have
been negotiating with the owners of said golf course property;
AND WHEREAS, a negotiated price has been reached in
the amount of Three Million Seven Hundred Thousand ($3,700,000)
Dollars, which negotiations are based on the execution of a con-
tract of sale during the year 1970;
AND WHEREAS, the acquiring of such property for the
benefit of the City of Aspen will necessitate the application of the
one (1%) percent sales tax revenues for the purchase and financing
of such property.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF ASPEN, COLORADO, that:
Section 1. The appropriate City Officers of the
City of Aspen, be and hereby are authorized to enter into a con-
tract of purchase and sale with the owners of the entire golf course
property including the improvements thereon, which terms and con-
ditions shall be subject to the approval of the City Attorney, for
a purchase price of Three Million Seven Hundred Thousand ($3,700,000)
Dollars.
Section 2. The City and its appropriate officers
are hereby authorized and empowered to allocate, appropriate and
pledge the revenues received by the City from the one (1%) percent
sales tax, and such other funds as deemed necessary, for the pur-
pose of financing revenue bonds necessary to raise the monies for
the purchase of the lands known as the "golf course area" and the
improvements situated thereon, including "The Happy Hearth Lodge."
Section 3. The City and its appropriate officers
be and hereby are authorized to take such actions and perform such
acts as may be necessary to purchase the said lands and improvements
as herein above provided.
Section 4. Because of the matters and things
hereinabove set forth, the City Council of the City of Aspen,
Colorado, hereby finds, determines and declares that an emergency
exists, and that this Ordinance is necessary for the immediate
preservation of the public peace, health and safety.
Section 5. If any court of competent jurisdiction
should ever determine that any part of this Ordinance is invalid or
unenforceable,
parts hereof,
severable.
be held at
Council Chambers,
such determination shall not affect the remaining
the intention being to make the provisions herein
Section 6. A public hearing on the Ordinance shall
~ ~ ~ ~ Iq?o , at .~.'~ P.M. in the City
Aspen City Hall, Aspen, Colorado.
INTRODUCED, READ AND ORDERED PUBLISHED THIS
of ~~ ,1970.
ATTEST:
City Clerk
FINALLY ADOPTED AND APPROVED THIS c~/ DAY OF
1970.
ATTEST:~.z
City Clerk
STATE OF COLORADO)
) ss CERTIFICATE
COUNTY OF PITKIN )
~_~, Lorraine Graves, City Cler!~ of Aspen, Colorado,
do hereby certify that the above and foregoing ordinance was
introduced, read in full, and massed on first
reading at a regular meeting of the City Council of the
City of Asoen on D~r~mh~w lA ,197_Q_, and ,ublish-
ed in the Aspen Times~ a weekly news9aoer of general ci"cul-
ation, nublished in the City of Asoen, Colorado, in its
issue of December 17 ., 1~7 9., and was finally
special
adopted and anoro~ed at a ~ meeting of the City
December 21
27
Council on
as Ordinance No.
orovided by law.
IN WITNESS %~EREOF,
~1970~and ordered published
Series of 197 O, of said City, as
I have hereunto set my hand and
the seal of said Cz~y of Ashen, Colorado,
day of December __~ lq70.
SEAL
this 22
Lorraine Graves, City Cler!~