HomeMy WebLinkAbout2025-4 VLHA Approving the purchase of a deed restriction 2932 Bellflower 7BRESOLUTION NO.4
Series of 2025
RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN
PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY
DESCRIBED AS SUBDIVISION: VAIL INTERMOUNTAIN DEV SUB BLOCK: 8 LOT: 7B,
EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 2932 BELLFLOWER 7B,
VAIL, CO, 81657, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD
THERETO.
WHEREAS, the Vail Local Housing Authority (the "Authority"), in the Town of Vail,
County of Eagle and State of Colorado is duly organized and existing under the laws of the
State of Colorado; and
WHEREAS, the members of the Authority have been duly appointed and qualified; and
WHEREAS, the Authority considers it in the interest of the public health, safety and
welfare to purchase a Type III Deed Restriction (the "Deed Restriction") on the property legally
described as Subdivision: VAIL INTERMOUNTAIN DEV SUB Block: 8 Lot: 7B Town of Vail,
Eagle County, Colorado with a physical address of 2932 Bellflower 713, Vail, CO, 81657, Vail
Colorado (the "Property"); and
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO THAT:
1. The purchase of the Deed Restriction on the Property is hereby approved by the
Authority at the maximum purchase price of $173,000.
2. The Chairman of the Vail Local Housing Authority is hereby authorized to
execute, on behalf of the Town, an agreement to purchase the Deed Restriction
and to take whatever steps are necessary to complete the purchase of the Deed
Restriction on the Property.
3. This resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED AND ADOPTED at a special meeting of the Vail Local
Housing Authority of the Town of 14aiI ihield, jhis 13th day of Oc er, 25,
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-, : SEAL -Steve Lindstrom,
l°': :'a ZChairman of the Vail Local Housing Authority
ATT ��a i L C \- .
Melissa Johnson
Secretary of the Vail Local Housing Authority
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Resolution No.4 Series of 20*