HomeMy WebLinkAbout2020-10 VLHA Resolution Deed Restriction Purchase 1040 Vail View Drive Unit 104 RESOLUTION NO. 10
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 104, SNOW LION AT VAIL CONDOMINIUM,
ACCORDING TO THE CONDOMINIUM MAP THEREOF, RECORDED DECEMBER 29,
1970, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 1040 VAIL VIEW
DRIVE, UNIT 104, 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 104, Snow Lion at Vail Condominium, According to the
Condominium Map Thereof, Recorded December 29, 1970, Town of Vail, Eagle County,
Colorado with a physical address of 1040 Vail View Drive, Unit 104, 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$83,500.
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. 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 24th day of March. 2020.
Steve Lindstrom,
,,os\t6h 1 riro 'of the Vail Local Housing Authority
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ATTEST ��-y SEALkiting-I- ant
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Lynne Campbell,
Secretary of the Vail Local Housing Aufhon'tycf
Resolution No. 10, Series of 2020