HomeMy WebLinkAboutresolution.council.106-13 RESOLUTION NO. 106
Series of 2013
A RESOLUTION OF THE CITY OF ASPEN, COLORADO,AUTHORIZING THE PURCHASE
OF THE EDGE OF AJAX CONDOMINIUM UNITS 3, 4, 5 SUBJECT TO THE TERMS OF
THE CONTRACT TO BUY AND SELL REAL ESTATE AND AUTHORIZING THE
EXECUTION OF SUCH CONTRACT AND ALL OTHER DOCUMENTS NECESSARY TO
COMPLETE SUCH PURCHASE.
WHEREAS,pursuant to the Statement of Exception from the Full Subdivision Process for
the Purpose of Condominiumization for the Edge of Ajax Condominiums,Recorded in the Real
Property Records of Pitkin County in Book 427 at Page 864,the Edge of Ajax, Inc.,was granted
certain land use approvals condition on entering deed restrictions regarding the three affordable
housing units to be built on the property; and
WHEREAS, a Declaration of Covenants, Restrictions and Conditions for the Edge of
Ajax Condominiums was recorded in the Real Property Records of Pitkin County, at Book 427 at
Page 866. The restrictions set forth therein are for a term of years ending in 2032; and
WHEREAS, given the terms of the declaration of covenants, described above, there
have arisen over the years conflict regarding the terms and restrictions set forth for such
affordable housing units; and,
WHEREAS, the current owner of the property wishes to sell the three affordable
housing units and the City of Aspen staff has recommended the purchase of the units pursuant to
the terms and conditions set forth in the attached contract; and
WHEREAS, it is in the best interests of the citizens of the City of Aspen to purchase the
three affordable housing units, Edge of Ajax Condominium Units 3, 4 and 5 subject to
appropriate inspections and due diligence as set forth in the attached contract.
NOW, WHEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ASPEN, COLORADO:
Section One
That the City Council of the City of Aspen hereby approves the purchase of the purchase of
the Edge Of Ajax Condominium Units 3,4, 5 subject to the terms of the Contract To Buy And
Sell Real Estate and authorizing the execution of such contract and all other documents necessary to
complete such purchase
Dated: 1 201J.
L/
Steve Sk000n, ayo
1, Kathryn S. Koch, duly appointed and acting 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 ",LALi ���, 2013.
Kathryn S.Ko City Clerk