Proceeds from Future Sales of Property.
(a) Following the Initial Closing Date, and until such date as the ECE
Funding Goal is achieved, the Trust shall be entitled to seventy-five percent (75%) of the Net
Sales Proceeds from any sales of the Property, and the City shall be entitled to twenty-five
percent (25%) of such Net Sales Proceeds. As used herein, “Net Sales Proceeds” shall mean the
gross sale proceeds, less any brokerage commissions and closing costs, but expressly excluding
any attorneys’ fees or other costs incurred by the City or the Trust in connection with any such
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The city originally acted as the trustee for the assets left behind when George Clayton died in 1899. The golf course previously was agricultural and dairy land, and the government managed it as a city golf course starting in 1932. Until 1982, the city itself owned the golf course land. Then it gave the deed over to the George W. Clayton Trust.
City Council members in the late 1980s considered trying to buy the land back from Clayton. Instead, the city paid Clayton for a promise not to develop the land.
In exchange for $2 million, Clayton agreed in 1997 to a “conservation easement,” which says the land can’t be used for anything but golf and related activities.
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Denver City Council is set to vote on contracts related to a controversial drainage project at the golf course. The work involves a stormwater drainage project and course redesign.
The proposed contracts are on the agenda for Monday, August 14, after the vote was delayed by a week. Councilman Rafael Espinoza requested the delay and sent a letter to Mayor Michael Hancock Friday morning asking him to deny the contracts.
In addition to the video interview by Channel 9, this article also contains a ethics complaint against CW Stacie Gilmore and videos of the LUDI committee and the discussion for a postponement of the contracts surrounding the Park demolition.
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**SPECIAL NOTICE: There will be a one-hour courtesy public hearing Monday, July 24, 2017, introduction of Council Resolution 17-0687 regarding the three-day Overland Golf Course Music Festival and a separate one-hour courtesy public hearing on introduction or first reading of Council Bill 17-0726 which would allow occupancy of certain existing buildings though a conditional certificate of occupancy also known as the Safe Occupancy Program. The meeting starts at 5:30 p.m. and will be held in the City & County Building, 1437 Bannock Street, Council Chambers, Room 450. You may sign-up to speak as early as 5:00 p.m. in Room 451 or during the recess of Council.**
This post contains a video of the June 20, Land Use, Transportation & Infrastructure Committee meeting regarding Overland Park Music Festival.
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On June 5, 2017, the Denver District Court heard arguments regarding the City’s assertion that 220 documents (7,400 pages) should be protected by the “deliberative process” privilege—which stems from the “executive privilege”.
The Court ruled that the 7400 pages should not be handed over to the Plaintiffs
(those suing the city to protect CPGC) in the CPGC lawsuit. The City has repeatedly claimed in public and under oath, that they are committed to transparency and have nothing to hide. However, in court, the Attorneys for the City claimed that disclosure of the 7400 pages of emails and documents would somehow chill future candid discussion among city leaders and staff.
Full response to motion is found here
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The community process highlighted the values, interests and concerns of a diverse community,” said Happy Haynes, Executive Director of Denver Parks and Recreation in a statement. “In the next stage of the process, our commitment is to fulfill the guidelines we set forth during the community input process. We are confident that we can reach an agreement that accomplishes that goal. We pledge to hold the event organizers accountable to protecting that which is valuable to our city, its residents and neighborhoods.”
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“Seeing our Civic Center in a state of disrepair was for many in our city — including myself — deeply disappointing and discouraging,” Hancock said at a press conference Monday morning. “Our parks and public spaces are held in the public trust, and when organizers hold an event at one of these spaces, they have a responsibility to uphold that public trust. When organizers leave one of our parks trashed, they violate that trust.”
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