HomeMy WebLinkAbout2021-01 VLHA Deed Restriction Purchase 1081 Vail View Drive Unit B201 i
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RESOLUTION NO. 1
I Series of 2021
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 B201, HOMESTAKE AT VAIL CONDOMINIUMS,
y EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 1081 VAIL VIEW DRIVE,
UNIT B201, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Vail Local Housing Authority (the "Authority"), in the Town of Vail, County
I 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 B201, The Homestake at Vail "B" (A Condominium), According
i to the Condominium Map Thereof Recorded April 30, 1973 in Book 228 at Page 918 and
According to the Condominium Declaration for the Homestake at Vail, A (a Condominium),
Recorded April 30, 1973 in Book 228 at Page 917, County of Eagle, State of Colorado, Town of
Vail, Eagle County, Colorado with a physical address of 1081 Vail View Drive, Unit B201, Vail
Colorado (the "Property"); and
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s 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$59,500.
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.
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INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Local
Housing Authority of the Town of Vail held this 26th day of Janu 021.
Stey)� Lindstrom,
�N�Gtfiiria� of the Vail Local Housing Authority
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ATTEST: _ o SEAL o
Lynng Campbell, \,`� :
Secretary of the Vail Local Housing A °
Resolution No. 1, Series of 2021