HomeMy WebLinkAbout1986-12-31 Town Council MinutesMINUTES
SPECIAL MEETING
VAIL TOWN COUNCIL
DECEMBER 31, 1986
2:00 p.m.
A special meeting of the Vail Town Council and continued from the previous day was
called to order at 2:45 p.m. on Wednesday, December 31, 1986, in the Council
Chambers.
MEMBERS PRESENT: Paul Johnston, Mayor
Eric Affeldt
Gordon Pierce
John Slevin
Hermann Staufer
MEMBERS NOT PRESENT: Kent Rose, Mayor Pro Tem
Gail Wahriich-Lowenthal
TOWN OFFICIALS PRESENT: Ron Phillips, Town Manager
Larry Eskwith, Town Attorney
Pam Brandmeyer, Town Clerk
The first order of business was a continuation of the consideration of purchasing an
option to buy the Singletree Golf Course. Three documents were produced, those
being, by title, an "Assignment of Option", an "Amendment of Option", and an
"Amendment of Option Agreement, Exhibit B". Larry Eskwith explained that the
documents to be considered were the Assignment of Option and the Amendment of Option
Agreement. A discussion followed regarding the following points:
1. The $5,000 option running to February 15, 1987.
2. If the Town wished to enter into an amended option, an additional $10,000
would be required.
3. If the Town failed to close on March 1, 1987, all option money would be
lost.
Use of the golf course was considered next, as well as golf passes and operational
issues. Indemnification and liquidated damages were discussed and much discussion
ensued.
A motion to accept the Assignment of Option, as well as the Amendment of Option
Agreement, and to instruct staff to continue pursuing the details surrounding this
purchase, was made by Eric Affeldt and seconded by Gordon Pierce. A vote was taken
and it was unanimously approved.
0 There being no further business, the meeting was adjourned at 3:30 p.m.
Respectfully submitted,
4Jo
P r: , Mayor
ATTEST:
Pame a .- ndmeyer�, own Clerk
Minutes taken by Pamela A. Brandmeyer