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HomeMy WebLinkAbout2019-33 VLHA Resolution 4061 Bighorn Road Unit 12-JRESOLUTION NO. 33 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 CONDOMINIUM UNIT 12-J, PITKIN CREEK PARK PHASE III, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 4061 BIGHORN ROAD, UNIT 12J, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Vail Local Housing Authority (the "Authority"), 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 Authority have been duly appointed and qualified; and WHEREAS, the Authority 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 Condominium Unit 12-J, Pitkin Creek Park Phase III, Eagle County, Colorado with a Physical Address of 4061 Bighorn Road, Unit 12J, 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 Authority at the maximum purchase price of $105,544. 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. This resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Local Housing Authority of the Town of Vail held this 12th day of No em r, 2019. Steve Lindstrom, „Qbairman of the Vail Local Housing Authority �A G' Ali v ATTEST: _0: SEAL Lynn Campbell,2 Secretary of the Vail Local Hous","thLopy c) Resolution No. 33, Series of 2019