HomeMy WebLinkAbout2017-27 Authorization to Purchase Residential Property Altair Vail Inn Condominiums Unit A104RESOLUTION NO. 27
Series of 2017
A RESOLUTION APPROVING THE PURCHASE OF PROPERTY IN THE TOWN OF VAIL
LEGALLY DESCRIBED AS ALTAIR VAIL INN CONDOMINIUM, UNIT #A104, EAGLE COUNTY,
COLORADO WITH A PHYSICAL ADDRESS OF 4192 SPRUCE WAY, VAIL, COLORADO; AND
SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Town of Vail (the "Town"), in the County of Eagle and State of Colorado is
a home rule municipal corporation duly organized and existing under the laws of the State of
Colorado and the Town Charter (the "Charter");
WHEREAS, the members of the Town Council of the Town (the "Council") have been duly
elected and qualified; and
WHEREAS, the Council considers it in the interest of the public health, safety and welfare
to purchase property legally described as Altair Vail Inn Condominium, Unit #A104, Eagle County,
Colorado with a physical address of 4192 Spruce Way, Vail, Colorado (the "Property"); and
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO THAT:
1. The purchase of the Property is hereby approved by the Council at or below fair
market value purchase price to be negotiated between the Town of Vail and the
Seller.
2. The Town Manager is hereby authorized to execute, on behalf of the Town, an
agreement to purchase the Property and to take whatever steps are necessary to
complete the purchase of the Property.
3. This resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED AND ADOPTED at a egular meeting of the Town Council
of the Town of Vail held this 5th day of December, 2017.
Resolution No. 27, Series of 2017
Da - Chap n,
Mayor of the Tow of Vail, Colorado