HomeMy WebLinkAbout2020-20 VLHA Resolution Deed Restriction Purchase 3120 Bellflower Drive West UnitRESOLUTION NO. 20
Series of 2020
RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN
PROPERTY (TYPE 111 DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY
DESCRIBED AS AT LOT 6-W, FINAL PLAT AND RESUBDIVISION OF LOT 6, VAIL
INTERMOUNTAIN SUBDIVISION, BLOCK 10, EAGLE COUNTY, COLORADO WITH A
PHYSICAL ADDRESS OF 3120 BELLFLOWER DRIVE WEST UNIT, 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 at Lot 6-W, Final Plat and Resubdivision of Lot 6, Vail Intermountain Subdivision, Block 10,
Town of Vail, Eagle County, Colorado with a physical address of 3120 Bellflower Drive West
Unit, Vail Col • rado (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 $133,650.
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 23rd day of June, 2020.
ATTEST:
0,, ‘ ‘''S1ieup Lindstrom,
of the Vail Local Housing Authority
SEAL
Lynnep
Secretary of the Vail
Vail Local Housing A' 'Thorny"
Resolution No. 20, Series of 2020