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RESOLUTION NO. 1- c;;:L
(Series of 1991)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
CONSENTING TO THE ASSIGNMENT OF THE RIGHTS AND INTERESTS OF ASPEN
BUTTERMILK ASSOCIATES UNDER THE CITY OF ASPEN-ASPEN BUTTERMILK
ASSOCIATES WATER SERVICE AGREEMENT TO REDD MOUNTAIN HOLDINGS,
INC.
WHEREAS, there currently exists a water service agreement
(the "Agreement") between the city of Aspen and Aspen Buttermilk
Associates ("ABA") as previously approved and executed by the
city pursuant to Ordinance No. 49 (Series of 1990); and
WHEREAS, ABA wishes to assign its interests and rights under
the Agreement to Louis N. Scholnik, James V. Redd, Robert Ritchie
and David S. Swan, d/b/a Redd Mountain Holdings, Inc.; and
WHEREAS, Paragraph 26 of the Agreement provides that ABA's
rights and obligations contained therein may not be assigned
absent the written consent of the city, which consent shall not
be unreasonably withheld; and
WHEREAS, the City Council finds that the assignment as
requested by ABA is not injurious to the City'S interests.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO, that it shall and does hereby give
its consent to the assignment by Aspen Buttermilk Associates of
its rights, obligations and interests under the City of Aspen-
Aspen Buttermilk Associates Water Service Agreement as adopted by
the City Council on July 9, 1990, to Redd Mountain Holdings, Inc.
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RESOLVED, APPROVED AND ADOPTED this ~ay of
~~ , 1991, by the city council for the city of
Aspen, Colorado.
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JOhn),;. Bennett, 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
Colorado, at a meeting held ~
the City of Aspen,
~O'
, 1991.
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Koch, City Clerk
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