HomeMy WebLinkAboutresolution.council.055-90 RESOLUTION NO. ~-*~ (Series of 1990)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING, RATIFYING AND AUTHORIZING A CONTRACT FOR THE PURCHASE
OF REAL PROPERTY WITHIN THE CITY OF ASPEN TO BE DEVELOPED FOR
AFFORDABLE HOUSING.
WHEREAS, the City staff has been negotiating the purchase of
a certain parcel of real property commonly known as the Kraut
Property within the City of Aspen to be developed for affordable
housing; and
WHEREAS, a contract for purchase of the Kraut Property by
the City was prepared and previously executed by the Assistant
City Manager on October 11, 1990, and presented to the City
Council for ratification; and
WHEREAS, the City Council approved and ratified by recorded
voice vote the purchase contract for the Kraut Property at its
regularly conducted meeting on October 22, 1990; and
WHEREAS, additional negotiations between the City staff and
the seller have resulted in amendments to the original purchase
contract for the Kraut Property requiring approval and ratifica-
tion by the City Council; and
WHEREAS, the City Council has determined that the Kraut
Property is suitable and desirable for the construction of
affordable housing and that the terms of the purchase agreement
pertinent thereto are reasonable.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO, THAT:
The Contract to Buy and Sell Vacant Real Estate dated
October 11, 1990, between the city of Aspen and Elaine Kraut,
seller, and executed by the Assistant City Manager, and that
Agreement To ~end dated November 29, 1990, and executed by the
City Manager, copies of which are attached hereto and incor-
porated herein by this reference as Exhibits "1" and "2", are
hereby approved and ratified.
Dated: ~ ~7~ ~ , 199~
William L. Stirling, Mayor
I, 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 /C/~c~ /C~ 1990.
kathryn~/Koch, city Clerk'
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