A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO, ACTING BY AND THROUGH ITS WATER ACTIVITY ENTERPRISE, APPROVING THE EXPENDITURE OF AN AMOUNT NOT TO EXCEED THIRTEEN MILLION FOUR HUNDRED FIVE THOUSAND DOLLARS ($13,405,000.00) FOR THE ACQUISITION OF GROUNDWATER RIGHTS, WATER STORAGE RIGHTS, AND/OR SURFACE WATER RIGHTS ON OR BEFORE NOVEMBER 1, 2021; AND FURTHERMORE AUTHORIZING THE CITY MANAGER TO EXECUTE AN OFFER, EARNEST MONEY ESCROW, PURCHASE AND SALE AGREEMENT AND RELATED ACQUISITION DOCUMENTATION FOR SAID WATER RIGHTS AND TO EXECUTE AND UNDERTAKE SUCH TASKS AS MAY BE REQUIRED TO IMPLEMENT AND CLOSE ON SAID ACQUISITION

What this record is

Amount

$13.4M

Runs until

no end date published in this record

Type

purchase

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Introduced

July 15, 2021

On agenda

July 20, 2021

Enactment no.

2021-52