HomeMy WebLinkAbout1999-18 Authorizing the Conveyance of Fee Title to 7-U Building 5, Vail East Lodging Also Known As 4093 Spruce Way #36, Vail Colorado 81657ORDINANCE NO. 18
SERIES OF 1999
AN ORDINANCE AUTHORIZING THE CONVEYANCE OF FEE TITLE TO 7-U
BUILDING 5, VAIL EAST LODGING, ALSO KNOWN AS 4Q93 SPRUCE V'VAY #36, VAIL
COLORADO $1657.
WHEREAS, the Town of Vail, pursuant to its buy-dawn program, purchased the unit located
at 4093 Spruce Way #36, Vail, Colorado on March 1, 1999; and
WHEREAS, the reason for purchasing the unit was to place deed restrictions upon the property
and to resell it to a qualified purchaser.
NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN
OF VAIL, C'.OLORADO that:
I'he Town Council hereby approves the sale of the unit, with appropriate deed
restrictions to ensure affordable housing for an employee in the Town.
2. This unit was sold as intended on July 12, 1999 to a qualified purchaser who
currently owns no other real estate in Eagle County, shall occupy the property as his principle
residence, has work, for a period of at least one year, and is presently working in Eagle County,
Colorado, a minimum of .thirty (30) hours per week and will continue to so work a minirnum of
thirty (3Q) hours per week. At the time of conveyance from the Town of Vail to the qualified
purchaser, the property became subject to a deed restriction placing a cap upon appreciation and
limiting future sales to other qualified purchasers.
3 . If any part, section, subsection, sentence, clause or phrase of this ordinance is for any
mason 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.
4. 'The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
S. The repeal or the repeal and reenactment of any provision of the Municipal Code of
the 'T'own of Vail as provided in this ordinance shall not affect any right which has accrued, any duty
imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced,
nor an othEr action or proceedings as commenced under or by virtue of the provision re Baled or
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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.
6. 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 20"' day of 3uly, 1999, and a public hearing shall be held on this
Ordinance on the 3"' day of August, 1999 at 7:Ofl p.m.
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READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
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this 3 day of August, l.~,N C~ //,,~,,,
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,orel 'Donaldson, Town Clerk
Vail
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