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HomeMy WebLinkAbout1979-31 Approving a Contract of Sale Between Vail City Corporation and the TownRESOLUTION NO. 31 Series of 1979 A RESOLUTION OF THE TOWN COUNCIL APPROVING A CONTRACT OF SALE BETWEEN VAIL CITY CORPORATION, A COLORADO CORPORATION, SELLER, AND THE TOWN OF VAIL, PURCHASER; AUTHORIZING THE TOWN MANAGER TO EXECUTE FOR AND ON BEHALF OF THE TOWN OF VAIL THE CONTRACT OF SALE, NOTES, DEEDS OF TRUST, AND ALL OTHER INSTRUMENTS OR AGREEMENTS NECESSARY THEREFORE; AND DIRECTING THE TOWN CLERK TO ATTEST TO SAID SIGNATURE OR SIGNATURES AND TO AFFIX THE SEAL TO ALL DOCUMENTS REQUIRING THE SAME; AND, SETTING FORTH DETAILS RELATING THERETO. r l r f WHEREAS, Vail City Corporation, a Colorado Corporation presently owns one parcel of property, one containing approximately 52 acres, to purchase szid properties for public purposes; and, WHEREAS, a Contract of Sale has been negotiated between the Sellers and the Town for the purchase of said property; and, WHEREAS, the Town Council is of the opinion that said contract should be approved and the property purchased; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. The Contract of Sale between Vail City Corporation, dated , 1979, for the purchase by the Town of real property owned by the Vail City Corporation, containing approximately 52 acres, is hereby specifically approved. Section 2. The Notes and Deeds of Trust required by said Contract of Sale are hereby specifically approved and the terms thereof affirmed by the Town Council. Section 3. The Town Manager is hereby authorized and directed to execute said Contract of Sale, Notes and Deeds of Trust, and all other and further agreements or instruments necessary for this transaction. The Town Clerk is directed to attest to said signature and to affix the Town Seal to all necessary documents. Pa~~ 2 1~0. ~~= Resolution p,~0~'TEp I13'TR~puCED ~ AT~Eg~ ; f; 1f~I xbw leek Q~ I~RCE~Rg'' 19?`~ . 18th DAY H~~.~---..~- r