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HomeMy WebLinkAbout2021-05 VLHA Deed Restriction Purchase 5197 Black Gore Drive Unit B2 DocuSign Envelope ID.9F839035-D1C6-400C-9D3A-5EAF37E08209 RESOLUTION NO. 5 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 B-2, HEATHER OF VAIL CONDOMINIUMS, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 5197 BLACK GORE DRIVE, UNIT B-2, 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 B-2, Heather of Vail Condominiums (A Condominium). According to the map filed for record in Book 238 at Page 678 and According to the Condominium Declaration for Heather of Vail Condominiums, Thereof Filed for Record February 19, 1975 in Book 238 at Page 677 and According to the Amended Condominium Declaration filed for Record October 10, 1975 in book 242 at Page 276 and the Amendment to Condominium Declaration Recorded November 24, 1976 in Book 250 at Page 271, County of Eagle, Vail, Colorado 81657 (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$80,920. 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 9th day of March, 2021. D cuSigned by: Steve Lindstrom ,,',I,i, .g1Ne quti7irman of the Vail Local Housing Authority Al ItS Figned by: S;i0 ti 0 A � C �nF,AtFil tfi,RdCAamplo {L _s SEAL Lyrll 6/9:0116... t) Z • /o, Secretary of the Vail Local Hairtg Authorityy9NS iiil,,,,wo Resolution No,5, Series of 2021