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HomeMy WebLinkAbout2023-10 Resolution Purchase of a deed restriction 4051 Bighorn Road Unit 11D RESOLUTION NO. 10 Series of 2023 RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY DESCRIBED AS PHASE III SUBDIVISION PITKIN CREEK PARK UNIT 11D, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 4051 BIGHORN ROAD UNIT 11D, VAIL, COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO. 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 legally described as Phase III Subdivision: Pitkin Creek Park Unit 11D, Town of Vail, Eagle County, Colorado with a physical address of 4051 Bighorn Road, Unit 11D, Vail Colorado (the 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 $138,500. 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. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Local Housing Authority of the Town of Vail held this 11 day of April , 2023. Steve Lindstrom, Chairman of the Vail Local Housing Authority ATTEST: Melissa Johnson, Secretary of the Vail Local Housing Authority Resolution No. 10, Series of 2023