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HomeMy WebLinkAboutresolution.council.006-90 . Ii. '. RESOLUTION NO. o (Ser~es of 1990) RESOLUTION OF 'rilE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, RATIFYING CONTRACTS FOR THE ACQUISITION OF REAL PROPERTY TO BE DEVELOPED FOR AFFORDABLE HOUSING PURPOSES vJHEREAS, the Aspen C~ ty Counc~ 1 has rece~ ved and rev~ewed contracts for the purchase of two parcels of real property ~n the C~ty of Aspen; WHEREAS, the Aspen City Counc~l has determined, on the bas~s of a prel~minary analysis, that the properties descr~bed in the contracts are su~table for affordable housing and that the terms of purchase are such that the development of affordable housing thereon appears feasible at th~s time; and WHEREAS, the Aspen C~ty Council desires to ratify the contracts ~n sat~sfaction of paragraph C(l) of the Addendum to each contract. NOW, THEREFORE, BE IT RESOLVED BY 'l'HE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Sect~on 1 That the Contract to Buy and Sell Vacant Land and the Contract to Buy and Sell Res~dential Real Estate, cop~es of wh~ch are attached hereto and ~ncorporated here~n by th~s reference, wh~ch contracts were executed on the 18th day of January, 1990, by the Aspen C~ty Manager, are hereby approved and rat~f~ed. . :. '. INTRODUCED, READ AND ADOPTED as prov~ded by law by the C~ty Counc~l of the C~ty of Aspen on the 22nd day of January, 1990. y~~ <<~~~-' W~lliam L. st~r~, ~ I, Kathryn S. Koch, duly appo~nted and acting C~ty Clerk, do cert~fy that the forego~ng is a true and accurate copy of that resolut~on adopted by the ci ty Counc~ 1 of the C~ ty of Aspen, Colorado, at a meet~ng held January 22, 1990. ~ly/7<-) >Ii t!puI" j Kathryn ~ Koch~ City Clerk 08/DD8 -2-