HomeMy WebLinkAbout2019-05 Authorizing the Sale of Unit 2, Vail Village Inn Plaza, Phase V Condominiums to STK Capital LLC ORDINANCE NO. 5
SERIES 2019
AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN REAL
PROPERTY KNOWN AS UNIT 2, VAIL VILLAGE INN PLAZA, PHASE V
CONDOMINIUMS, TO STK CAPITAL, LLC FOR $1,547,000
WHEREAS, Section 4.8 of the Vail Town Charter requires that the Town Council
authorize the sale of real property by ordinance; and
WHEREAS, the Town Council finds and determines that the sale of the real
property known as Unit 2, Village Inn Plaza and more particularly described as Unit 2,
Vail Village Inn Plaza, Phase V Condominiums (the "Property"), to STK Capital, LLC for
$1,547,000, is in the best interest of the public health, safety and welfare.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO, THAT:
Section 1. Pursuant to Section 4.8 of the Vail Town Charter, the Town Council
hereby authorizes the sale of the Property to STK Capital, LLC for $1,547,000, under
the terms of the Purchase and Sale Agreement Counter Offer, dated March 27, 2019,
which agreement is hereby ratified by this ordinance. The Town Manager is hereby
authorized to sign all documents necessary to complete the sale of the Property, subject
to approval of such documents by the Town Attorney.
Section 2. If any part, section, subsection, sentence, clause or phrase of this
ordinance is for any reason held to be invalid, such decision shall not effect 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.
Section 3. 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.
Section 4. All bylaws, orders, resolutions and ordinances, or parts thereof,
inconsistent herewith are repealed to the extent only of such inconsistency. This
repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or
part thereof, theretofore repealed.
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4/11/2019
S:IHOUSINGIBOARDSIVAIL TOWN COUNCILIORDINANCES120191ORDINANCE NO.5, SERIES OF 2019 VVI PHASE V
SECOND READING 04162019.DOCX
INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED
PUBLISHED ONCE IN FULL ON FIRST READING this 2"d day of April, 2019 and a
public hearing for second reading of this Ordinance set for the 16th day of April, 2019, in
the Council Chambers of the Vail Municipal Buil' g, • ail Colorado. l
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4/11/2019
S.IHOUSINGIBOARDSIVAIL TOWN COUNCILIORDINANCES120191ORDINANCE NO.5, SERIES OF 2019 VVI PHASE V
SECOND READING 04162019.DOCX