CT2018-892 Feasibilty Study

• Contract/PO #: CT2018-892
• Contractor Name: Town of Wiggins
• Contract Type: Loan
• Loan Projects - Doc Type: Feasibility Study

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RESOLUTION NO. 52-2016 ([
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A RESOLUTION APPROVING A PURCHASE AND SALE AGREEMENT FOR THE PURCHASE OF
APPROXIMATELY 120 ACRES OF PROPERTY IN MORGAN COUNTY, TOGETHER WITH CERTAIN
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WATER RIGHTS AND RELATED RIGHTS AND INTERESTS
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WHEREAS, the Town of Wiggins desires to acquire approximately 120 acres of land
fronting U.S. Highway 34 and backing up to 1-76 along, together with water, water rights, carriage
rights represented by 20 shares of capital stock of the Fort Morgan Reservoir and Irrigation I
Company, stock certificate 3250, and 20 shares of capital stock in the South Side Lateral f
Company (carrier ditch), stock certificate 382 and related rights and interests (collectively, the
"Property")for use as part of the Town's Water System; and
WHEREAS,the owner of the Property has stated its desire to sell the Property to the Town
upon the terms and conditions of a mutually-agreeable purchase contract;and
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WHEREAS,a Contract for Purchase and Sale of Land and Water Rights has been proposed
with the owner for the purchase of the Property;and
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WHEREAS, the Board of Trustees by this Resolution desires to approve the Purchase and
Sale Agreement and authorize its execution.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
WIGGINS,COLORADO:
Section 1. The proposed Contract for Purchase and Sale of Land and Water Rights
(the "Contract") between the Town of Wiggins, the Glassey Family Farm, the Stephen Glassey
Living Trust, and John Timothy Glassey is hereby approved in essentially the same form as the
copy of such Contract accompanying this Resolution.
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Section 2. The Mayor or Town Administrator, or either of them, is authorized to
execute the Contract in substantially the same form as the copy attached hereto; further, the
Mayor and Town Administrator, in consultation with the Town Attorney and Town Water I
Attorney, is hereby granted the authority to negotiate and approve such revisions to the Contract E
as they determine are necessary or desirable for the protection of the Town, including but not
limited to revisions to Section 1(c) of the Contract concerning the provision of easements, so long
as the material terms and conditions of the Purchase Contract are not altered. The Mayor and
Town Administrator shall have no authority to approve any revisions to the Contract that increase
the Purchase Price under the Contract without further action by the Board of Trustees.
Section 3. The Mayor, Town Administrator, Town Clerk and Town Staff are further
authorized to do all things necessary on behalf of the Town to perform the obligations of the Town
under the Purchase Contract, and to execute and deliver any and all documents necessary to E
effect the purchase of the Property under the terms and conditions of the Purchase Contract.
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