HomeMy WebLinkAbout1967 Resolution No. 037I
I
I
RESOLUTION NO. 37, SERIES OF 1967
I\ 1m ::o1,t.1Tlt1N /\ll'l'lltJl<I Z INl i /\NU U1lU:C 'l'l NG 'l'lf l!: MAY O R J\ND
T'rY ('f,f.RK T O F:XF:CU T E /\ND DELI VER '110 MARTIN MARIETTA CORPORAT I ON,
A MARYLAND CORPORATION, A SPECIAL WARRANTY DEED, CONVEYING TO THE
SAID MARTIN MARIETTA CORPORATION A CERTAIN PARCEL OF REALTY, LOCATED
TN TllF. r o tTNTY OF .T F.FFF.R ::;ON. f;T/\TI~ OF C OLOR/\00, /\ND MORE P/\RT IC ULARL '{
DES CR IBED THEREIN, IN ACCORDANCE WITH THE PROVISIONS OF A LEASE AND
OPTION /\GllEEMENT 1':Xl:!CU'rl:!U l N /\C COIIDANCE WI TH THE PROV I SIONS OF ORD-
I Nl\NCF. NO . A , SF.R T F.8 O P 1 qr;r1 , 1\NO 1\MF.NOP.O TN 1\CrOROl\NC F. WTTTT TTTF.
PHUV1S1U NS OP UIW!N/\N CE NU. 4 , SEHlES OF 1 9 6 5 .
WHEREAS, on or about the first day of March, 1956, the
i t·y of F.I HJ l c wood l.m lt.•rcu i n lo a lease a nd opt ion a greement heretofore
recorded in Book 1911, page 95 of the public records of the County
of Jefferson, State of Colorado, whereby the said City of Englewood
leased to the Glenn L. Martin Company, a Maryland corporation (which
corporation has become "Martin Marietta Corporation"), certain realty
situate d in the County of Jefferson and State of Colorado, the des-
cription of which is contained in that certain Special Warranty Deed,
a copy of which is attached hereto and marked Exhibit "A",
WHEREAS, the aforesaid leace and option agreement was
amended in certain respects by an ~nstrument dated April 23, 1965,
but was otherwise fully confirmed and ratified, pursuaDt to the pro-
visions of Ordinance No. 4, Series of 1965, and
WHEREAS, the aforesaid lease and option agreement, as
amended, granted to Martin Marietta Corporation the right and option
to purchase said realty from the City of Englewood and to cause the
said City of Englewood to convey its .right, title and interest there-
in to the said Martin Mariett~ Corpo~ation in accordance with the
te rms, provisions and conditio'ns .of ,.said lease and option agreement,
~d .
WHEREAS, the said Martin Marietta Corporation has notified
th e C i t y of Englewood .of its election to exercise said option in
accordance with the terms of said lease and option agreement and to
pay to the City of Englewood the purchase price required by the
terms and provisions of said agreement to be paid, which is the
total sum of Four Hundred Twenty-seven Thousand Nine Hundred Five
and 86/100 Dollars ($427,905.86).
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ENGLEWOOD as follows:
1. The Mayor and City Clerk of the City of Englewood,
upon the receipt by them of the sum of $42 7 ,905.86, less the sum of
$3,000.00 which sum represents 50% of the survey costs required by
the te rm s of said lease and option agreement to be paid by the City),
are h ereby authorized and directed to execute and deliver to Martin
Marietta Corporation a Special Warranty Deed in the form attached
hereto as Exhibit A.
2. The Mayor and City Clerk are hereby further authorized
and directed to execute such further and additional instruments and
documents, and to take such further or additional actions, as may
b e n eces sary to e ff e ct a closing of title upon said realty and
otherwise to comply with the terms and provisions of said lease and
opti on agreement and the amendment thereto.
ADOPTED AND APPROVED this 6th day of November, 1967.
Mayor
ATT ES T :
CITY CLERK-TREASURER
4~