HomeMy WebLinkAbout2023-51 A Resolution Approving an Amendment to Deed Restriction Agreements between the Town of Vail and Altus Vail Unit Owner, LLC1
RESOLUTION NO. 51
Series of 2023
A RESOLUTION APPROVING AN AMENDMENT TO DEED RESTRICTION
AGREEMENTS BETWEEN THE TOWN OF VAIL AND ALTUS VAIL UNIT
OWNER, LLC
WHEREAS, the Town and Altus Vail Unit Owner, LLC (“Altus”) are parties
to certain Deed Restriction Agreements, dated October 25, 2021 (the “Current
Agreements”);
WHEREAS, the Current Agreements allows Altus to lease the deed
restricted units for maximum period of 6 months at a time; and
WHEREAS, the Town and Altus wish to amend the Current Agreements, in
substantially the same form attached hereto as Exhibit A (the “Amended
Agreements”), to allow for Altus to lease the deed restricted units for up to 12
months at a time.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO THAT:
Section 1. The Town Council hereby approves the Amended Agreements in
substantially the same form attached hereto as Exhibit A, and in a form approved by the
Town Attorney, and authorizes the Town Manager to execute the Amended Agreements
on behalf of the Town.
Section 2. This Resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town of
Vail Town Council held this 19th day of December 2023.
_________________________
Travis Coggin, Mayor
ATTEST:
_____________________________
Stephanie Bibbens, Town Clerk