HomeMy WebLinkAbout2020-06 VLHA Resolution Deed Restriction 2111 North Frontage Road West Unit A13 RESOLUTION NO. 6
Series of 2020
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 A-13, VAIL DAS SCHONE, EAGLE COUNTY,
COLORADO WITH A PHYSICAL ADDRESS OF 2111 NORTH FRONTAGE ROAD WEST,
UNIT A-13, 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 A-13, Vail Das Schone, Town of Vail, Eagle County, Colorado
with a physical address of 2111 North Frontage Road West, Unit A-13, 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 $93,000.
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 11th day of Februa , 2020.
,stgve Lindstrom,
o Js�rt lWotanof the Vail Local Housing Authority
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Lynne Campbell,
Secretaryof the Vail Local HousingP,(1 q
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Resolution No. 6, Series of 2020