HomeMy WebLinkAbout2008-22 Approving the Purchase of Property in the TOV legally described as Gore Range Condominium Unit #2-WRESOLUTION NO. 22
Series of 2008
A RESOLUTION APPROVING THE PURCHASE OF PROPERTY IN THE TOWN OF
VAIL LEGALLY DESCRIBED AS GORE RANGE CONDOMINIUM UNIT #2-E, EAGLE
COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 2189 CHAMONIX LANE,
VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Town of Vail (the "Town"), in the County of Eagle and State of
Colorado is a home rule municipal corporation duly organized and existing under the
laws of the State of Colorado and the Town Charter (the "Charter''); and
WHEREAS, the members of the Town Council of the Town (the "Council") have
been duly elected and qualified; and
WHEREAS, the Town has established employee housing requirements for new
development and may collect a fee-in-lieu as mitigation; and
WHEREAS, the Town collects the fee-in-lieu for the purpose of establishing new
employee housing units; and
WHEREAS, the Town has collected fee-in-lieu for employee housing mitigation;
and
WHEREAS, the Town will be using these funds to purchase the proposed tunit;
and
WHEREAS, the Council considers it in the interest of the public health, safety
and welfare to purchase property legally described as Gore Range Condominium Unit
2-E, Eagle County, Colorado with a physical address of 2189 Chamonix Lane, Vail
Colorado (the "Property"); and
WHEREAS, the Council's approval of this Resolution No. 22, Series 2008, is
required to purchase the Property.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO THAT:
1.The purchase of the Property is hereby approved by the Council at the
purchase price of $290,000.00.
2.The Town Manager is hereby authorized to execute, on behalf of the
Town, an agreement to purchase the Property and to take whatever steps
are necessary to complete the purchase of the Property.
3.This resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the
Town Council of the Town of Vail held this 7th day of October, 2008.
Resolution No. 22, series 2008
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Resolution No. 22, series 2008