HomeMy WebLinkAbout1970- 3 Authorizing Execution of a Ground Lease with Vail Associates Incr ~ ~
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ORDINANCE NO. 3
Series of 1970
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AN ORDINANCE AUTHORIZING EXECUTION OF A
GROUND LEASE WITH VAIL ASSn~''TA'I'ES, INC. ;
AND SETTINr Ii'OR7'H MAT`1,ERS RELATING 'I'IIERETO.
Uv'HEREAS, Vail Associates, Inc. , a Colorado Corporation,
is the owner of certain real estate situated within the Town of
Vail and. has proposed to lease said property for a period. of 49
years to the Town of Vail for certain public purposes, and
particularly parking lot purposes; and
WHEREAS, the Board of Trustees of the Town of Vail
deems it in the public interest and welfare to enter into the
ground lease proposed by Vail Associates, Inc. ;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD
OF TRLJS'1'EES UF' `1'IIE 'T'OWN OI?' VAIL, COLORADO:
Section 1. That the Town of Vail enter into and execute
the ground lease proposed. by Vail Associates, Inc. , relating to
parts of Tract C and Tract B, Vail Village First Filing, County
of Eagle, State of Colorado, as rrlore particularly described in
Exhibit A attached hereto, which forms a part of said ground
lease.
Section 2. The Board of Trustees hereby empowers the
Mayor and the Town Clerk as the officials for the Town to execute
said around lease in accordance with the terms and conditions
tYierein contained and to bind the 'T'own of Vail through provisions
of the ground lease referred to herein.
READ, PASSED, ADOPTED AND ORDERED PUBLISHED
this 12th day of January 1970. ,.~
.ATTEST:
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Town Clerk
Mayor
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STATE OF COLORADO,
EAGLE COUNTY. ~'
1 hereby certify that this instrument
was filed for record in my office the
-----day of ~ ~9-~----at
~_ o'clock `.M., and is duly recorded
in Elook-~-----~-= --Page---------1--•
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County Clerk anu r E,corder
~ ~ r Deputy
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EXEiIBIT A
That parC of Tract C and Tract B, Vail Village First Filing, County of
Eagle, State of Colorado, more particularly described as follows:
CoIIU-Yz~,cing at the Northeast corner of Lot P, Block 5-D, Eaid Vail Vi11aUe
First Filing; thence Southeasterly along the Northerly line of said
Tract_C 133.36 feet to the true point of beginning; thence on an angle
to the right of 89 °39' 23", 190.54 feet to a point of intersection ~.~~i*~
the Northerly line. of Gore Creek Road; thence on an angle to tl-.e legit
of 63°57'27" and along said Northerly line and along a curve to the
right having a radius of 119.58 feet, a central angle of 17°16'02",
an arc distance of 36.04 feet to a point of reverse curve; thence
along said Northerly line and along,a curve to the left having a radius
of 95.77 feet, a central angle of 57°51'40", an arc distance of 96.71
feet to a point of tangent; thence along said Northerly line and along
said tangent 129.50 feet to a point of curve; thence along said Nor-
therly line and along a curve to the right having a radius of 135.00
feet, a central angle of 32°48'15", an arc distance of 77.29 feet to a
point of reverse curve; thence along said Northerly line and aloe` a
curve to the left having a radius of 193.01 feet, a central angle c~
26`03'31", an arc distance of 87.78 feet to a point of tangent;
thence alon4 said Northerly line and along said tangent 22b.46 feet
to a point of curve; thence along said Northerly line and along a curve
to the right having a radius of 89.96 feet, a central angle of 34°13'41",
an arc distance of 53.74 feet to a point of reverse curve; thence
along said Northerly line and along a curve to the left having a
radius of 88.00 feet, a central angle of 29°51'36", an arc distance
of 45.86 feet to a point of tangent; thence along said Northerly line
and along said tangent 170.30 feet; thence on Fn angle to the right of
56°19'31" and along said~Northerly line 44.16 feet; thence on an angJ.e
to the left of 64°19'12", 75.21 feet; thence on an ankle to the right
of 82°22'42", 41.67 feet; thence on an angle to the left of 70°36'06",
b.76 feet to a point of intersection with the Southerly line of Tract
B, said Vail Village First Filing; thence on an angle to the left of
25°57'47" and along paid Southerly line 100.00 feet; thence on an angle
to the right of 25°58'00" and along said Southerly line 75.00 feet;
thence on an angle to the left of 90°00'00", 198.31 feet to a point of
intersection with the Northerly line of said Tract B; thence on an
angle to the left of 89°59'45" and along said Northerly line 1185.66
feet to the true point of beginning; containing 240,553.522 square feet
or 5.5223 acres, more or less.