HomeMy WebLinkAbout2018-13 VLHA Deed Restriction Purchase 5020 Main Gore Place Unit 6 RESOLUTION NO. 13
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 VAIL EAST TOWNHOUSE CONDOS UNIT 6, EAGLE COUNTY, COLORADO WITH A
PHYSICAL ADDRESS OF 5020 MAIN GORE PLACE UNIT 6, VAIL COLORADO; 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 Vail East Townhouse Condos Unit 6 Town of Vail, Eagle County, Colorado with a physical
address of 5020 Main Gore Place Unit 6, 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$160,000.
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 of the Town of Vail held this 14th day of August, 2018.
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\\‘\ NAGAUy �%
SEAL
0 ° Steve Lindstrom,
•••4 Chairman of the Vail Local Housing Authority
ATTEST:
Lynne Campbell(,)
Secretary of the Vail Local Housing Authority
Resolution No. 13, Series of 2018