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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' 2