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HomeMy WebLinkAbout1999-17 Authorizing the Conveyance of Fee Title of the Red Sandstone Creek Land and Improvements Thereon Owned by the Town of Vail~' ~ • ORDINANCE N0.17 SERIES OF 1999 AN ORDINANCE AUTHORIZING THE CONVEYANCE OF FEE TITLE OF THE RED SANDSTONE CREEK LAND AND IMPROVEMENTS THEREON OWNED BY THE TOWN OF VAIL AND FULLY DESCRIBED AS FOLLOWS: A parcel of land within the NE'/~ SE `/a Section 1, Township S South, Rauge 81 West of the Sixth Principal Meridian, Eagle County, Colorado, described as follows: Beginning at a point vn the Southerly line of said NE'/4 SE `/~ Section 1, said point also being the Northwesterly corner of Block D, Lion's Ridge Subdivision, according to the map thereof recorded in Book 218 at Page 648 in the office of the Eagle County, Colorado, Clerk and Recorder; thence, departing said Southerly line, N22 ° 33'00" W 84..13 feet; thence N49 ° 48'28" E 55.05 feet; thence 53.85 feet along the arch of a curve to the right, having a radius of 200.00 feet, a central angle of 1S°.25'31" and a chord that bears N57 ° 28' 16" E 53.69 feet; thence 41.90 feet along the arc of a curve to the right, having a radius of 27.00 feet, a central angle of 88 ° 54'26", and a chord that bears 870 ° 21'44" E 37.82 feet, thence 825 ° 54'31"E 137.47 feet to the said Southerly line of the NE'/4 SE'/a Section 1, said Line also being the northerly line of said Block D; thence, along said line 887 ° 48'35" W 150.82 feet to the point of beginning, containing 0.3964 acres, more or less. The bearings of the above described parcel are based an a bearing of N87 ° 4$'35"Eon the Southerly line of the NE'/4 SE'/4 Section 1, TSS, R81W, per the plat of Lian's Ridge Subdivision. WHEREAS, the Town of Vail and the Eagle River Water & Sanitation District Dave entered into an Intergovernmental Agreement dated May 29, 1996; and WHEREAS, the Red Sandstone Creek condominium project has been essentially completed and is awaiting final inspection and Certificate of Occupancy. NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OIa VAIL, COLORADO that: The Town Council hereby approves the sale of the real property and improvements thereon, with appropriate deed restrictions to ensure affordable housing for employees in perpetuity, to the Red Sandstone Creek association and individual purchasers. 2. "The Town of Vail property to be conveyed is described as follows: A parcel of land within the NE '/4 SE '/a Section 1, Township 5 South, Range $1 West of the Sixth Principal Meridian, Eagle County, Colorado, described as follows: Beginning at a point on the Southerly line of said NE '/4 SE 1/4 Section 1, said point also being the Northwesterly corner of Block D, Lion's Ridge Subdivision, according to the map thereof recorded in Book 215 at Page 648 in the office of the Eagle County, Colorado, Clerk and Recorder; thence, departing said Southerly line, N22 ° 33'00" W 84.13 feet; thence N49 ° 45'28" E 55.05 feet; thence 53.85 feet along the arch of a curve to the right, having a radius of 200.00 feet, a central angle of 15 ° 28'31" and a chord that bears N57 ° 28' 16" E 53.69 feet; thence 41.90 feet along the arc of a curve to the right, having a radius of 27.00 feet, a central angle of 88 ° 84'26", and a chord that bears 870 ° 21'44" E 37.82 feet, thence S25 ° 54'31 "E 137.47 feet to the said Southerly line of the NE'/q SE '/a Section 1, said line • i ~ also being the northerly line of said Block D; thence, along said line S87 ° 48'35" W 150.8? feet to the point of beginning, containing 0.3964 acres, more ar less. The bearings of the above described parcel are based on a bearing of N$7 ° 4$'3S"Eon the Southerly line of the NE '/4 SE '/4 Section 1, TSS, R$1 W, per the plat of Lion's Ridge Subdivision. 3. The Town Manager is hereby authorized and directed to execute such instruments of conveyance as are appropriate to convey fee title from the Town of Vail to the Red Sandstone Creek association and the unit purchasers as appropriate pursuant to the condominium map. 4. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. S. "I"he Town Council hereby finds, determines, and declares that this ordinance is t7ecessary and proper far the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 6. T'he repeal or the repeal and reenactment of any provision of the Municipal Code of the `Town o#' Vail as provided in this ordinance shall not affect any right which has accrued, any duly imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 7. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extend only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 6th day of July, 1999, and a public hearing shall be held on this T • Ordinance oo the 20th day of July, 1999 at 7:00 p.m ~, Bui~din~, Vail, Colorado. , ,,,4,;~..Ir~t,.,,,,, SE~y ATTEST: %r ,_ _ _ ,, -l!orele3/bonaldson, Town Clerk ~~ in the Council Ch e of the Vail Municipal ~f, ` ~ Robert E. Ford, Mayor READ AND APPROVED ON SECOND READING AND ORDE BLIS ED this 20th clay of July, 1999. `,' ,~ _, ~ Robert E. Ford, Mayor a ~ .. Arl'TEST: .~,:I~~~.,.~,. Lc~~ei D~naldson, Town Clerk C: poi iu~incc~l9. 17