HomeMy WebLinkAbout1991-16 Investigate and Evaluate which Facilities it may be Necessary to Control or Acquire for the Purpose of Protecting the Town's Interest in the Proper Operation and Management of Vail Ski AreaRESOLUTION NO. 16
SERIES 1991
A RESOLUTION TO INVESTIGATE AND EVALUATE
WHICH FACILITIES IT MAY BE NECESSARY
FOR THE TOWN TO CONTROL OR ACQUIRE FOR THE PURPOSE OF
PROTECTING THE TOWN'S INTEREST IN THE
PROPER OPERATION AND MANAGEMENT OF THE VAIL SKI AREA
WHEREAS, Vail Associates, Inc. is a subsidiary of Gillett Holdings, Inc.; and,
WHEREAS, Gillett Holdings, Inc. is the debtor in a Chapter 11 bankruptcy
proceeding; and,
WHEREAS, the Town Council therefore considers it necessary to evaluate its
options in an effort to protect the public interest of the Town in the continuation of the Vail ski
area and its effective and proficient management.
NOW, THEREFORE, be it resolved by the Town Council of the
Town of Vail, Colorado:
1. The Town Council shall take all steps necessary to investigate and
evaluate which facilities it may be necessary for the Town to control or acquire for the
purpose of protecting the Town's interest in the proper operation and management of the
Vail ski area.
2. This resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 20th day of
August 1991.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer,'Town Clerk
C:IRESOLU.1 s