HomeMy WebLinkAboutresolution.council.005-20 RESOLUTION NO. 05
Series of 2020
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING AN AGREEMENT TO AMEND/EXTEND CONTRACT FOR THE PURCHASE
OF 105 ASPEN AIRPORT BUSINESS CENTER, AKA THE ASPEN MINI-STORAGE AND
AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT TO
AMEND/EXTEND CONTRACT AND SUCH OTHER DOCUMENTS AS NECESSARY TO
COMPLETE THE PURCHASE OF THE PROPERTY.
WHEREAS, there has been submitted to the City Council a proposed Agreement to
Amend/Extend Contract for the Purchase of 105 Aspen Airport Business Center, aka The Aspen
Mini-Storage, a copy of which proposed Escrow Agreement is attached hereto.
NOW, WHEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ASPEN,COLORADO:
That the City Council of the City of Aspen hereby approves the Agreement to Amend/Extend
Contract for the Purchase of 105 Aspen Airport Business Center, aka The Aspen Mini-Storage, a
copy of which is attached hereto, and does hereby authorize the City Manager of the City of Aspen
to execute the agreement on behalf of the City of Aspen and to execute such other documents as
necessary at closing to complete the purchase of the property.
Dated ��, Z0Z0.
Torre, Mayor
I, Nicole Henning, duly appointed City Clerk do certify that the foregoing is a true and
accurate copy of that resolution adopted by the City Council of the City of Aspen, Colorado, at a
meeting held January 14,2020.
Nicole Henning, City Clerk
Aspen Snowmass Sotheby's International Realty
Aspen Sothebys 415 East Hyman Avenue Aspen, CO 81611
Snowma93 NVfWAT'DN LA/A"T Andrew Ernemann andrew.ernemann@sothebysrealty.com
Ph: 970-379-8125 Fax: 888-550-2881
1 he printed portions of this form, except differentiated additions, have been approved by the Colorado Real
Estate Commission. AE41-6-18 Mandato 1-19
2 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL
AND TAX OR OTHER COUNSEL BEFORE SIGNING.
3
4 AGREEMENT TO AMENDIEXTEND CONTRACT
5
6 Date: 1/912020
1. This agreement amends the contract dated 912012019 (Contract), between Aspen Mini-Storage,
8 LLC (Seller),and City of Aspen (Buyer), relating to the sale and purchase of the following legally
described real estate in the County of
9 Pitkin,Colorado:
10 COMMUNICATION CENTER Lot:3
11 known as No. 105 Aspen Airport Business Center,Aspen, CO 81611 (Property).
12
NOTE: If the table is omitted,or if any item is left blank or is marked in the"No Change"column, it
13 means no change to the corresponding provision of the Contract.If any item is marked in the"Deleted"
column,It means that the corresponding provision of the Contract to which reference is made is deleted.
14
15 2. §3.1 Dates and Deadlines. [Omitted as inapplicable]
16 3. Other dates or deadlines set forth in the Contract are changed as follows:
17 A. The Closing Date shall be February 4, 2020,
18
19 4. Additional amendments:
A. The Purchase Price shall be$10,825,000.00.
B. Upon execution of this Agreement to Amend/Extend Contract,all contingencies will be
considered satisfied and the Buyer's earnest money is henceforth said to be "hard"at
20 that time. In the event that this Agreement is not executed prior to the acceptance date
set forth below, this Agreement to Amend/Extend Contract shall not be incorporated as a
part of the Contract.
21 All other terms and conditions of the Contract remain the same.
22
This proposal expires unless accepted in writing by Seller and Buyer as evidenced by their signatures below and
the offering party to this document receives notice of such acceptance on or before Wednesday, January 15,
23 2020 at 5:00 PM. MST.
Date Time
24
Date:
25 Seller:Aspen Mini-Storage, LLC
26
AE41-6-18. AGREEMENT TO AMEND-EXTEND CONTRACT Page 1 of
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27 Seller: Date:
28 Address:
29
30
30
G 6 . i Date: 1 I s za
31 Buyer: City of Aspen
By. Sara Ott, City Manager
32
33 Buyer: Date:
34 Address:
35
AE41-6-18. AGREEMENT TO AMEND/EXTEND CONTRACT
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