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HomeMy WebLinkAbout2021-04 VLHA Deed Restriction Purchase 1081 Vail View Drive Unit B204 RESOLUTION NO. 4 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 B204, HOMESTAKE AT VAIL CONDOMINIUMS, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 1081 VAIL VIEW DRIVE, UNIT B204, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Vail Local Housing Authority (the"Authority"), in the Town of Vail, County F 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 B204, THE HOMESTAKE AT VAIL "B" (A CONDOMINIUM). ACCORDING TO THE CONDOMINIUM MAP THEREOF I RECORDED IN BOOK 228 AT PAGE 918 AND ACCORDING TO THE CONDOMINIUM DECLARATION FOR THE HOMESTAKE AT VAIL, B (A CONDOMINIUM). RECORDED APRIL 30, 1973 IN BOOK 228 AT PAGE 917, COUNTY OF EAGLE, VAIL, COLORADO 81657 (THE "PROPERTY"); AND I NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: i i 1. The purchase of the Deed Restriction on the Property is hereby approved by the Authority at the maximum purchase price of$75,000. E 2. The Chairman of the Vail Local Housing Authority is hereby authorized to execute, son 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. E 3. This resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Local j Housing Authority of the Town of Vail held this 23rd day of Fe ruary, 2021. i Steve Lindstrom, 51lajrman of the Vail Local Housing Authority o - ATTEST: SEAL o L ne ampbe , ; o,� o Secretary of the Vail Local Housin'eyAht,rdt�� �� Resolution No.4, Series of 2021