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<br />SOUTH PLATTE RIVER CHANNEL PROJECT <br />SUMMARY DESCRIPTIONS OF PARCEL ACQUISITIONS <br /> <br />OWNER(S): Kent, F. J., and the 2400 West Oxford Corporation <br /> <br />ACQUISITIONS: Parcel no. 2 (0.561 A) <br />OWNERS' ADDRESS: <br /> <br />Francis J. Kent; 2400 West Oxford Ave.; Englewood, CO 80110 <br /> <br />NAME AND ADDRESS OF OWNER'S REPRESENTATIVE: <br /> <br />Robert S. Wham, Attorney; 1666 So. University Blvd.; Denver, CO 80203 <br /> <br />METHOD OF SETTLEMENT: <br /> <br />CONTRACT: <br /> <br />COURT STIPULATION: <br /> <br />Date of closing: 9/1/85 <br /> <br />Date of contract 12/12/83 <br />and 7/1/85 <br /> <br />Date of rule & order: N/A <br /> <br />Case No.: N/A <br /> <br />and amendments: See below <br /> <br />Date flied: N/A <br /> <br />RECORDATION INFORMATION: Deed dated 1/16/84 for parcel 2 was recorded at Arapahoe <br />County in Book 4069, Page 393 on 1/19/84; the lease dated 7/1/85, nunc oro trunc 12/12/83, <br />was recorded at Arapahoe County in Book 5984, Page 793. <br /> <br />PURCHASE PRICE: In stage 1, $75,002; in stage 2, $7,335, as described in detail below <br /> <br />SPECIAL FEATURES OF THE TRANSACTION: <br /> <br />STAGE 1: <br /> <br />The contract entered into 12/12/83 and relating to stage 1 provided for the payment of <br />$75,002, comprised of $36,656 (the appraised value) for parcel 2 plus $38,346 for the <br />cost of certain parking, roadway, and drainage installations to be made by the owner. <br />The contract further provided for a long term lease of certain Board-owned property (the <br />lease was dated 7/1/85, nunc orotrunc 12/12/83) which provided essentially as follows: <br /> <br />1) The lease term shall be fifty years with the owner having the option to extend <br />the lease by one additional term of fifty years, <br /> <br />1 <br />