HomeMy WebLinkAbout 18-53 Authorizing TM A1 SUARESOLUTION N0.18-53
A RESOLUTION AUTHORIZING THE APPROPRIATE TOWN OFFICIAL
TO SIGN THE FIRST AMENDMENT TO THE COMPATIBLE
DEVELOPMENT AND SURFACE USE AGREEMENT.
WHEREAS, on September 25, 2006, Foundation Energy Management, LLC, and EnCana
Oil & Gas (USA) Inc. entered into a Compatible Development and Surface Use Agreement with
the Town of Firestone and the Firestone Finance Authority and such agreement was recorded in
the records of the Clerk and Recorder of Weld County, Colorado at Reception No. 3427732 on
October 16, 2006; and
WHEREAS, Crestone is the successor -in -interest to the mineral operating working interests
of Foundation Energy Management, LLC and EnCana Oil & Gas (USA) Inc. in the Property and
under the Compatible Development and Surface Use Agreement; and
WHEREAS, Crestone and the Town of Firestone now wish to amend the Compatible
Development and Surface Use Agreement; and
WHEREAS, the Board of Trustees of the Town of Firestone, Colorado, considered the
acceptance of the First Amendment to Compatible Development and Surface Use Agreement on
December 12, 2018; and
WHEREAS, the Board of Trustees believes it is in the best interest of the Town and its
citizens to accept the First Amendment to Compatible Development and Surface Use Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
Section 1. The Board of Trustees of the Town of Firestone hereby approves the First
Amendment to Compatible Development and Surface Use Agreement, and authorizes the
appropriate Town Official to sign and bind the Town to the Agreement.
INTRODUCED, READ AND ADOPTED this 12th day of December, 2018.
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