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HomeMy WebLinkAbout2000-20 Authorizing the Conveyance of Fee Title to Unit #4, Innsbruck Condominiums Also Known As 2783 Kinnickinnick Road #4 Vail Colorado 81657 ~. ~ • OI2llINANCE ND. 20 SERIES OF 200U AN ORll1NANCE AUTI-IOlt1ZING THE CONVEYANCE OF FEE TITLE TO UNIT #4, INNSBRUCK CONllOMINIUMS ALSO KNOWN AS 2783 KINNICKINNICK ROAD #4, VAIL, C[)LOl2AllO 81657. WI IERIsAS, llle "1'uwn of Vail, pursuaztt to its buy-down pxugram, purchased the unlit located at 2783 Kizaniclcini~iclc 1Zoad #4, Vail, Colorado un July 19, 2000; and W l lEltl~AS, the reason .tor purchasing the unit was to place deed restrictions upon the properly acid to rc;sell it to a qualified purchaser. N()W, 'I'HEIZF:FURI~, BE IT URDAINEU, BY THE TOWN COUNCIL OF 'THE TOWN UI~ VAlI,, (:U11UiZAllU that: "1'he 'T'own Council 1zeleby approves the salu of the unit, with appropriate deed restrictions to ensure affordable housing for an employee in the 'Town. 2. `Phis utzil will be sold as intended by September 15, 2000 to a qualified purchaser who curre~~tly owns zw other real estate iII Eagle County, shall occupy the property as his principle residunce, has worked, fur a period of ai least one year, and is presently working in Eagle County, C,uloracla, a Ininin~um of thirty (30) hours per week and will continue to so work a minimum of thirty (3U) lluurs per week.. At the time of conveyance from the Tuwn of Vail to the qualified purchaer, the properly will bec;cwme subject to a deed restriction placing a cap upon appreciation and limiting Iirture: stiles to other qualified purchasers, 3. Jf• any part, section, subse.etion, sentence, clause or phrase of this ordinance is for any ru<<sun Held lu be invalid, such. dec;isiun shall nut affect the validity ufthe remaining portions ufthis urdinanc;c;; and thu 'T'own Council hereby declares it would have passed this ordinance, and each part, suction, subsection, sentence, clause or phrase thereof, zegardless of the fact that any one or more party, sections, 5ubsectiuns, sentences, clauses ur phrases be declared izlvalid. 4. "1'lt~ 'l'awn Council hereby finds, detcrn~ines, and declares that this ordinance is fiecussary at~d p.rupez• fur the health, safety, and welfare of the Town of Vail and the inltabitams tlzercuf•. 5. "1'hc repeal uz- llle repeal and reenactment of any provision of the Municipal Code of the 'l'awn of Vail as pruvidcd in dais ordinance shall not affect any right which has accrued, any duty inlpused, ally violation that occurred prior to the effective date hereof, airy prosecution commenced,. • • • '" nor any utlzer action or prc~ceedi«gs as comme~~ced under or by virtue of the provision repealed ur repealed and reea~act~;d. `l'he repeal of any provision hereby shall nut revive any provision or any urciinaircu previously repealed ur superseded unless expressly stated herein. (~. All bylaws, urd~;rs, resolutions, and urdXnaXiccs, or parts thereo#; inconsistent herewith tiro repealed to the extend only of such inconsistency. This repealer shall nat be construed to revise any bylaw, order, resolution, or ordinance, or part thereo#; theretofore repealed. iN"1'IZUL)UCED, REAll, APl'R(UVEll, AND UI2DERED NUBL1SHEll ONCE IN li'[JLL UN 1~IItS"1' RLAll1NU this 15th day of-August, 2UU0, and a public hearing shall be held on this UrdinaXXCC un the 5th day of September, 20U0 at 7:OU p.n~. in the Council Chambers of the Vail Municip4tl Buildinf;, Vail, C:olurado. _ ~/ Ludwig Kam, Mayor A,l..l,~~,l, ~ ~ ~ ~ L ~ '~ ~~ ~ ~ ~~,w ~ ~'~ ~ ~ _ v ~i~o • lei ci aldsun, Town Clerk Rk:AD AND Al'1'I~OVED ON SECOND READING AND ORDERED PUBLISHED this 5'~` day of September, 2000. A'1"1'ES"1': ~~ ~' ~~ tLr~x(elei onaldson, ~: ~aEc~~ - ii ';~ ~{ ~ ~.~ ~~, ~~ ~ ~ . ~_~ Town Clerk Ludwig Kuz'~, Mayor L: \uriu~ucc J'5-18 s X ~,i w ©pN A ~m ~~ ~ z~' rn R ~~ .` ~ ~~~~ ~~....w 4 ~ qq,, mm r_3II_N. oa~n ~.:m,~~ ~5oy~$;m~m. 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