HomeMy WebLinkAbout2018-08 VLHA Deed Restriction Purchase 2195 Chamonix Lane Unit 5A RESOLUTION NO. 8
Series of 2018
RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST
IN PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY
DESCRIBED AS PINE RIDGE TOWNHOUSE UNIT 6, EAGLE COUNTY, COLORADO
WITH A PHYSICAL ADDRESS OF 2195 CHAMONIX LANE UNIT 6A, VAIL
COLORADO; CONTINGENT UPON SUBORDINATION AGREEMENT AND SUBJECT
TO RATIFICATION BY THE VAIL TOWN COUNCIL; 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 Pine Ridge Townhouses Unit 6, Eagle County, Colorado with a physical
address of 2195 Chamonix Lane Unit 6A, 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 $90,000 .
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 regular meeting of the Vail
Local Housing Authority Town of Vail held this 30th day of May, 2018.
Steve Lindstrom,
Chairman of the Vail Local Housing Authority
ATTEST:
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thC a m p bell,
Secretary of the Vail Local Housing Authority
Resolution No. 8, Series of 2018