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HomeMy WebLinkAbout1970- 3 Authorizing Execution of a Ground Lease with Vail Associates Incr ~ ~ • ~ •~ r ORDINANCE NO. 3 Series of 1970 i 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: . ~' Town Clerk Mayor ~~ 9~ 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--• ~~ County Clerk anu r E,corder ~ ~ r Deputy spa s ~ ~ , r a 1 ~ '• ~ • 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.