BOARD00274

• Board Meeting Date: 7/13/1998
• Description: Flood Section - Foodplain Management Program - South Platte River Channel Project - Right-of-Way Action
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
131 3 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

STATE OF COLORADO

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MEMORANDUM

Roy Romer
Governor
James s. Lochhead
Executive Director, DNR
Oilries C. Lile, P:E.
Director, eWeB
Peter H. Evans
Acting Director, eweR

TO:

Colorado Water Conservation Board Members

FROM: Larry Lang

DATE: July 10, 1998

SUBJECT: Agenda Items 4.d., July 13-14, 1998 Board Meeting--
South Platte River Channel Project, Right-of-Way Action

INTRODUCTION

At the March 12, 1996, Board Meeting, approval was given to the "Consent to assignment of
the original lease" between COLORADO WATER CONSERVATION BOARD AND
RIVERFRONT DEVELOPMENT for certain lands located within the South Platte River
Channel Improvement Project right-of-way. On October 10, 1986, the CWCB entered into this
lease with the Riverfront Development Corporation. Under the provisions of the lease, the
Pitchers Restaurant building was constructed both on the leased land and on privately owned
land, The Board has considered a number of requests to "Consent to assignment of the original
lease" dated October 10, 1986,

DISCUSSION

The staff, in conjunction with the Attorney General's Office, has reviewed the existing lease and
said lease provides the opportunity to assign the original lease to another following an approval
by Colorado Water Conservation Board, The Board's staff has received a request from the
Starwood Investments Inc, to the "Concent to assignment of the original lease" which is presently
assigned to 1100 Drake, Ltd, dated April 1996 - See attached letter,

RECOMMENDATION

The staff, having reviewed the applicant's request and the provisions of the existing lease
recommends that the Board approve the "consent to the assignment of the lease" from 1100
Drake, Ltd, to Carrera Four, Inc" direct staff to prepare the required documents to complete
this transaction, and authorize the Director to execute any documents,

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