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RESOLUTION NO 41
(Series of 1998)
A RESOLUTION APPROVING A DECREASE TO $120,000 IN THE SALES PRICE
FOR UNIT #21 OF THE WATER PLACE HOUSING PROJECT AND
AUTHORIZING THE CITY MANAGER, ASSISTANT CITY MANAGERS, AND
THE CITY ATTORNEY TO EXECUTE SAID AGREEMENTS ON BEHALF OF THE
CITY OF ASPEN
WHEREAS, the prospective owner of Water Place Housing unit #21 has saved
the City of Aspen over $4,000 by completing all of the unit's interior painting; and
WHEREAS, the City wishes to share the construction cost savings with the
prospective owner of unit # 21 by decreasing the sales price; and
WHEREAS, The lower sales price will be more consistent with the prospective
owner's loan approval.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN,!COLORADO:
Section 1
That the City Council of the City of Aspen hereby establishes the sales price of
Water Place Housing unit # 21 to be $120,000, and does hereby authorize the City
Manager, Assistant City Managers, and the City Attorney to execute said agreements on
behalf of the City of Aspen.
Dated '/117 II
,1998.
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~ Bennett, Mayor
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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 on the day hereinabove stated.
shb.05/11/98.g:lhousingIWP21 RESO.DOC