HomeMy WebLinkAbout1989-22 Approving a Sale of an Easement Over a Portion of the Platted Forest Road1 ..
RESOLUTION N0. 22
Series of 1989
A RESOLUTION OF THE TOWN COUNCIL APPROVING A SALE OF AN
EASEMENT OVER A PORTION OF THE PLATTED FOREST ROAD, VAIL
VILLAGE FIRST FILING, AND A SALE PRICE PRICE OF $30,000;
AUTHORIZING THE MAYOR TO EXECUTE A DEED OF EASEMENT AND
THE TOWN CLERK TO ATTEST THERETO; AND, SETTING FORTH
DETAILS RELATED THERETO.
WHEREAS, a request for transfer of a portion of the platted Forest Road, Vail
Village First Filing, has been received from Forest Road Associates; and
WHEREAS, Forest Road Associates owns the property adjacent to the portion of
right-of-way requested; and
WHEREAS, the Forest Road right-of-way is not currently used for right-of-way
purposes; and
WHEREAS, the parties have agreed to the value of the property and have entered
into a contract to buy and sell an easement over the right-of-way to Forest Road
Associates; and
WHEREAS, the Town of Vail has agreed to transfer an easement over the within
described portion of the right-of-way upon certain conditions in exchange for the
payment by Forest Road Associates;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TDWN OF VAIL, STATE OF
COLORADO, AS FOLLOWS:
1. The Town Council hereby approves the sale and transfer by the Town of Vail
of an easement with a reversionary interest in the Town over a portion of Forest
Road, Vail Village First Filing, Town of Vail, County of Eagle, State of Colorado,
to wit:
According to Attached Exhibit A
to Forest Road Associates, the owner of the adjacent property, upon the following
terms and conditions:
a) The Deed of Easement shall contain a provision that the easement shall
revert to the Town at such time as the improvements located thereon are removed,
destroyed, abandoned or no longer used for garage purposes;
b} Receipt by the Town of the payment of $30,000.00 pursuant to the
agreement between the Town and Forest Road Associates; and
c) Execution of a Reed of Easement from the Town to Forest Road
Associates for the subject property.
2. The Mayor is authorized and directed to execute the Deed of Easement and
any other document necessary to effectuate the within approval; and, the Town Clerk
is directed to attest to said execution.
INTRODUCED, READ, APPROVED AND ADOPTED this ~ day of _/~G1'G! ,
J
I989.
TOWN OF VAIL
J ~1~C..~
Kent Rase, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
Town of Vail, Colorado
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