HomeMy WebLinkAbout2025-31 A Resolution Approving the Release and Extinguishment of Easement between the Town of Vail and Timber Ridge Village_Mark IV RealtyRESOLUTION NO. 31
Series of 2025
A RESOLUTION APPROVING A RELEASE AND EXTINGUISHMENT OF EASEMENT
BETWEEN THE TOWN OF VAIL AND TIMBER RIDGE VILLAGE/MARK IV REALTY
WHEREAS, on August 12, 1997, the Town and Timber Ridge Village/MarkIV Realty
into an Agreement for Bus Shelter Easement, which was recorded with the Eagle
County Clerk and Recorder on May 15, 2022 at Reception No. 795694 (the "Agreement");
WHEREAS, in the Agreement, Grantor granted to the Town an easement to allow the
Town to construct, maintain and access a bus shelter (the "Easement");
WHEREAS, the Town has determined that the Easement is no longer necessary for
property rights; and
WHEREAS, the parties intend to release and extinguish the Easement in its entirety,
as further set forth herein in the form attached hereto as Exhibit A and incorporated herein
by this reference Release
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO THAT:
Section 1. The Town Council hereby approves the Release in substantially the
same form as attached hereto as Exhibit A, and in a form approved by the Town Attorney,
and authorizes the Town Manager to execute the Release on behalf of the Town.
Section 2. This Resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town
Council of the Town of Vail held this 1st day of July, 2025.
_________________________
Travis Coggin, Mayor
ATTEST:
Stephanie Kauffman, Town Clerk