HomeMy WebLinkAboutresolution.council.020-85RECORD OF PROCEEDINGS
100 Leaves
RESOLUTION NO. ~
(Series of 19--~--
A RESOLUTION DIRECTING THE EXERCISE OF THE CITY'S OPTION TO PUR-
CHASE UNIT 2, CHAPMAN CONDOMINIUMS; APPROVING THE CONVEYANCE OF
SAID CONDOMINIUM UNIT TO ELYSE ELLIOTT PURSUANT TO THE TERMS OF
THE PURCHASE AND OPTION AGREEMENT ANNEXED HERETO; AND AUTHORIZING
THE CITY MANAGER AND/OR MAYOR TO EXECUTE SUCH DOCUMENTS AS MAY BE
APPROPRIATE TO CONSUMMATE THE TRANSACTION
WHEREAS, pursuant to that Purchase, Sale and Option Agreement
dated September 10, 1982, between the City of Aspen and Colette
Penne~,~rn and Alice Davis, the City has the right to exer-
cise its option to purchase that property commonly known as 717
Cemetery Lane and more specifically described as:
Unit 2, Chapman Condominiums (a condominium) according to the
condominium map appearing in the records of the County Clerk
and Recorder of Pitkin County, Colorado, in Plat Book 10 at
Page 33 as Reception No. 226253, and as further defined and
decribed in the Condominium Declaration thereof recorded
August 26, 1980, in Book 393 at Page 663 as Reception No.
226252.
and,
WHEREAS, the City Council desires to exercise its option to
purchase the above-described property and to convey the same to
Elyse Elliott on the terms and conditions set forth in that Pur-
chase and Option Agreement between the City of Aspen and Elyse
Elliott, annexed hereto and made a part hereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1
The City Council does hereby authorize and approve the exer-
cise of the City's option to purchase Unit 2, Chapman Condo-
miniums, as hereinabove described and the conveyance of said unit
to Elyse Elliott in accordance with the terms of the Purchase and
Option Agreement between the City of Aspen and Elyse Elliott,
annexed hereto. Said agreement may be modified as may be neces-
RECORD OF PROCEEDINGS
100 Leaves
sary to consummate the transaction upon
Attorney.
such
consummate
Dated:
approval by the City
Section 2
The City Manager and the Mayor are each authorized to execute
documents on behalf of the City as may be deemed necessary to
the aforesaid transactions.
----~ ~ , 1985.
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 _i~_~L~~ ~
1985.
8D
athryn S.~Koch, ~-~rk ......