HomeMy WebLinkAbout2017-04 (1) VLHA resolution approving the purchased of a deed restriction interest in Buffer Creek Condominium unit A-1 RESOLUTION NO. 4
Series of 2017
RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST
IN PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY
DESCRIBED AS BUFFER CREEK CONDOMINIUM UNIT #A-1, EAGLE COUNTY,
COLORADO WITH A PHYSICAL ADDRESS OF 1860 MEADOW RIDGE ROAD, VAIL
COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Vail Local Housing Authority (the "Authority"), of 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,
consistent with Resolution No. 34, Series of 2016 of the Vail Town Council, to purchase a Type III
Deed Restriction (the "Deed Restriction") on the property legally described as Buffer Creek
Condominium Unit #A-1, Town of Vail, Eagle County, Colorado with a physical address of 1860
Meadow Ridge Road, Vail Colorado (the "Property"); and
NOW THEREFORE, BE IT RESOLVED BY THE VAIL LOCAL HOUSING AUTHORITY 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$75,000.00.
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 regular meeting of the Town Council
of the Town of Vail held this 3rd day of July, 2017.
Steve Lindstrom,
Chairman of the Vail Local Housing Authority
ATT ST:
Lynne Campbell,
Secretary of the Vail Local Housing Authority
Resolution No.4, Series of 2017