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HomeMy WebLinkAboutresolution.council.024-90 . !~ ,e RESOLUTION NO. c2..y! (Series of 1990) RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, RATIFYING A CONTRACT FOR THE ACQUISITION OF REAL PROPERTY TO BE DEVELOPED FOR AFFORDABLE HOUSING PURPOSES WHEREAS, the Aspen C~ty Counc~l has rece~ved and rev~ewed a contract for the purchase of a tract of real property in the C~ty of Aspen; WHEREAS, the Aspen c~ty Council has determ~ned, on the bas~s of a prelim~nary analysis, that the property descr~bed ~n the contract ~s suitable for affordable hous~ng and that the terms of purchase are such that the development of affordable housing thereon appears feasible at this time; and WHEREAS, the Aspen C~ty Counc~l desires to rat~fy the contract in sat~sfact~on of paragraph C(l) of the Addendum thereto. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Section 1 That the Residential Contract to Buy and Sell Real Estate, a copy of which is attached hereto and lncorporated here~n by this reference, which contract was executed on the 8th day of June, 1990 by the Aspen C~ ty Manager, and on the r day of June, 1990 by the Seller, lS hereby approved and ratif~ed. \. /e e INTRODUCED, READ AND ADOPTED as prov~ded by law by the City Counc~l of the C~ty of Aspen on the ~J?~ay of June, 1990. 7~ /~L/' W~ll~am L. St~rl~ng, Mayor~ I, Kathryn S. Koch, duly appo~nted and acting C~ty Clerk, do certify that the foregoing is a true and accurate copy of that resolut~on adopted by the C~ ty Counc~l of the C~ ty of Aspen, Colorado, at a special meet~ng held June /~ , 1990. ~~:;r.Lt I&Ck IS/DDS -2-