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Home My WebLink About2004-21 Approving the Parking Capital Investment Agreement with Vail Associatesi ~~. RESOLUTION NO. 21 Series of 2004 A RESOLUTION APPROVING THE PARKING CAPITAL INVESTMENT AGREEMENT (THE "AGREEMENT") BETWEEN THE TOWN OF VAIL THE "TOWN") AND THE VAIL CORPORATION, D/B/A VAIL ASSOCIATES, INC., A COLORADO CORPORATION ("VAIL ASSOCIATES"), WHICH AGREEMENT PERTAINS TO CERTAIN RESPECTIVE RIGHTS AND RESPONSIBILITIES OF THE TOWN AND VAIL ASSOCIATES IN RELATION TO AUGMENTING THE TOWN'S PUBLIC PARKING CAPABILITY. WHEREAS, the Town, acting through its applicable departments and agencies including the Director of Public Works and the Director of Community Development), and Vail Associates, on its own behalf and on behalf of its applicable affiliates have negotiated terms and conditions for the Agreement to govern certain matters related to augmenting the Town's public pazking capability, and the respective rights and responsibilities of the Town and Vail Associates in connection with those matters; and WHEREAS, the approval of the Agreement is necessary and proper for the health, safety and welfaze of the Town and its inhabitants; and WHEREAS, the Agreement complies with all applicable laws and regulations of the State of Colorado and the Town, and the Town has the authority to enter into the Agreement pursuant to such laws. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO as follows: Section 1. The Agreement is hereby approved, and the Town shall enter into the Agreement and perform, observe and discharge its obligations under the Agreement. The Town Manager is hereby authorized and directed to execute and deliver the Agreement, on behalf of the Town, with such terms and provisions as the Town Manager, after consultation with the Town Attorney, considers tnecessary or appropriate in fiartherance of this Resolution. Section 2. The Town Council hereby finds, determines and declazes that this Resolution is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. INTRODUCED, READ, APPROVED AND ADOPTED this 19~' day of October, 2004. A t i SST Lore~Don~ldson, Town Clerk, Town of Vail 628651.1 RCFISH ai~ `i~o`;: a. y Q+ o ;. ~~w .$ G~, Rodney Slif , Mayor, Town of Vail 2