HomeMy WebLinkAbout2020-23 VLHA Deed Restriction Interest 931 Red Sandstone Road Unit 8RESOLUTION NO. 23
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 8, ASPEN TREE CONDOMINIUMS, EAGLE
COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 931 RED SANDSTONE ROAD,
UNIT 8, 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 8, Aspen Tree Condominiums, Town of Vail, Eagle County, Colorado
with a physical address of 931 Red Sandstone Road, Unit 8, 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 $61,920.
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 14th day of July, 2020.
ATTEST: — • A •
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Lynne Campbell, /l9tili d��1��w
Secretary of the Vail Local Housing Authority
wow!Steve Lindstrom,
jman of the Vail Local Housing Authority
Resolution No. 23, Series of 2020