A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO, APPROVING THAT CERTAIN PURCHASE AND SALE AGREEMENT (“PSA”) BETWEEN THE CITY AND 59 BRIGHT, LLC (“OWNER” AND “SELLER”), FOR THE PURCHASE AND SALE OF CERTAIN COMMERCIAL PROPERTY AND IMPROVEMENTS LOCATED IN DOWNTOWN BRIGHTON, AND AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE THE PSA, AND THE CITY MANAGER OR HIS DESIGNEES TO TAKE SUCH ACTIONS AND EXECUTE SUCH DOCUMENTS AS ARE REASONABLY NECESSARY TO CARRY OUT AND SUCCESSFULLY CLOSE THE TRANSACTION FOR THE CITY; APPROVING A 2016 SUPPLEMENTAL BUDGET AMENDMENT IN THE PARKS AND RECREATION IMPROVEMENT FUND IN THE AMOUNT OF ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) AND APPROPRIATING MONEY THEREFOR; AND SETTING FORTH OTHER DETAILS RELATED THERETO.

Committee

City Council

Requested by

Parks & Recreation

Introduced

August 31, 2016

On agenda

September 6, 2016

Enactment no.

2016-84