HomeMy WebLinkAboutresolution.council.006A-98 Series of 1998
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING THE EXPENDITURE OF $1,050,000.00 TO FACILITATE THE PURCHASE
OF LOTS 1, 2, 3, AND FATHERING PARCEL (FP) OF THE ASPEN MASS SUBDIVISION.
WHEREAS, William Landan and Robert Giacinto are the owners of Lot 1, Aspen Mass.
Subdivision; Gundaker Real Estate Co., Inc. is the owner of Lots 2 and 3 of this subdivision;
Aspen Mass Parmers owns and controls Fathering Parcel 2 in this Subdivision; and all these
parties, as current owners of these properties, desire to sell and convey their interests to Pitkin
County and the City of Aspen; and
WHEREAS, the City Council has determined that it is in the best interest of the City of
Aspen to acquire the above referenced property for municipal purposes, including the
construction of affordable housing. Additionally, the properties have the potential to be
exchanged with the United States Forest Service for the Seventh Street, City of Aspen, Forest
Service; and
WHEREAS, the Board of County Commissioners of Pitkin County and the City Council
have agreed to share in the cost of ayquiring the above referenced properties and to hold title as
joint tenants; and
WHEREAS, the Board of County Commissioners and the City Council have determined
that the City of Aspen should contribute $1,050,000.00 towards the total purchase price of
$1,650,000.00.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ASPEN, COLORADO:
Section I.
That the City Council of the City of Aspen hereby authorizes the purchase of Lots 1, 2,
3, and fathering parcel (FP) of the Aspen Mass Subdivision, the expenditure of $1,050,000.00
towards a total purchase price of $1,650,000.00, and does hereby authorize the City Manager of
the City of Aspen to execute any documents necessary to consummate the transaction on behalf
of the City of Aspen.
Section 2.
That the purchase of the above described property shall be for municipal purposes,
including the construction of affordable housing or to be exchanged with the United States Forest
.Service for the Seventh Street, City of Aspen, Forest Service property.
Dated:~~M.~ .~J~ ,1998. Be~e~ l~~'~''~
John S , Mayor
I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing is
a tree and accurate copy of that resolution adopted by the City Council of the City of Aspen,
Colorado, at a meeting held~ /P~' ,1998.
~City Clerk
JPVV-01/13/98-gAjohn\word~resos~ASP-MASS. RES