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' 3. Also, to effectuate the terms~of the Final Judgment <br />and Consent Decree, CCDC entered into an agreement with the <br />Metropolitan District dated March 26, 1982, ("Agreement") which <br />delineated the manner in which the obligations of CCDC and the <br />Metropolitan District were to be fulfilled. <br />~ 4. Prior to completion of their obligations under the <br />Final Judgment and Consent Decree and the Agreement, debtors <br />filed for relief under Chapter 7 of the United States <br />Bankruptcy Code. <br />5. At the time it filed its voluntary petition, debtor <br />CCDC held title to approximately 4,621 residential lots and <br />certain commercial and industrial property. Of the residential <br />lots, debtor held legal title only to approximately 922 lots <br />which had been sold under executory contracts of sale. Debtot <br />held legal and equitable title to approximately 3700 lots, <br />located both in peripheral areas and in the "expanded core <br />area". <br />6. Debtor CCDC allegedly owes ad-valorem taxes for its <br />property to Pueblo County, Colorado in the amount of <br />$214,522.25 Eor 1983 taxes levied on January 1, 1984. Since <br />the filing of the voluntary petition, Pueblo County, Colorado <br />has levied 1984 taxes upon debtor's property in the amount of <br />$229,574.72 on January 1, 1985. Pueblo County has filed a <br />claim in the bankruptcy case of CCDC in the amount of <br />$232,712.04 Eor 1983 taxes. <br />JOINT MOTION TO AUTHORIZE SALE OF REAL PROPERTY <br />OF THE ESTATE FREE AND CLEAR OF ALL LIENS, CLAIMS <br />AND E[5CU[~1BRANCES AND SETTLEMENT AGREE[4ENT = Page 3 ~, <br />