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HomeMy WebLinkAbout2019-25 VLHA Resolution 2059 Chamonix Lane Unit 5 RESOLUTION NO. 25 Series of 2019 RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY DESCRIBED AS PHASE III SUBDIVISION: VAIL HEIGHTS CONDO UNIT: 5, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 2059 CHAMONIX LANE UNIT 5, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO. • WHEREAS, the Vail Town Council (the "Town Council"), in the Town of Vail, County of Eagle and State of Colorado is duly organized and existing under the laws of the State of Colorado; and WHEREAS, the members of the Town Council have been duly elected and qualified; and WHEREAS, the Town Council considers it in the interest of the public health, safety and welfare to purchase a Type III Deed Restriction (the "Deed Restriction") on the property legally described as Phase III Subdivision: Vail Heights Condo Unit 5 Town of Vail, Eagle County, Colorado with a physical address of 2059 Chamonix Lane Unit 5, Vail Colorado (the "Property"); and • NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: 1. The purchase of the Deed Restriction on the Property is hereby approved by the Town Council, with the recommendation of the Vail Local Housing Authority, at the maximum purchase price of$62,500. 2. The Chairman of the Vail Local Housing Authority is hereby authorized to execute, on behalf of the Town, an agreement to purchase the Deed Restriction and to take whatever steps are necessary to complete the purchase of the Deed Restriction on the Property. 3. The agreement to purchase the Deed Restriction shall be subject to the conditions listed in Exhibit A attached. 4. This resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Town Council of the Town of Vail held this 8th day of October, 20 9. Steve Lindstrom Vail Local Housing Authority Chairman \\ NG Av ATTEST: o'..... tio'= Lynne ampbell, "CAL = 7. Secretary ;2 • 0 . • ,,,Lq 'CG\-° \` Resolution No. 25, Series of 2019