HomeMy WebLinkAboutresolution.council.021-85RESOLUTION NO. 2~
(Series of 1985)
A RESOLUTION DIRECTING THE EXERCISE OF THE CITY'S OPTION TO
PURCHASE UNIT 2, CHAPMAN CONDOMINIUMS; APPROVING THE CONVEYANCE
OF SAID CONDOMINIUM UNIT TO ELYSE ELLIOTT AND HER HUSBAND,
JEREMY B ERNSTEIN, 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 APPRO-
PRIATE TO CONSUMMATE THE TRANSACTION
WHEREAS, pursuant to that Purchase, Sale and option Agree-
ment dated September 10, 1982, between the City of Aspen and
Colette Penne, Glenn Horn and Alice Davis, the City has the right
to exercise 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 described 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 and her husband, Jeremy Bernstein, on the terms
and conditions set forth in the Purchase and Option Agreement
among the City of Aspen and Elyse Elliott and her husband,
Jeremy Bernstein, annexed hereto and made apart hereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
The City Council does hereby authorize and approve the
exercise of the City's option to purchase Unit 2, Chapman
Condominiums, as hereinabove described and the conveyance of
said unit to Elyse Elliott and her husband, Jeremy Bernstein, in
accordance with the terms of the Purchase and Option Agreement
among the City of Aspen and Elyse Elliott and her husband,
Jeremy Bernstein, annexed hereto. Said agreement has been
modified as necessary to consummate the transaction with prior
approval by the City Attorney and the Mayor, by adding Jeremy
Bernstein as a Purchaser under the agreement due to requirements
of the purchasers' lender.
Section 2
The City Manager and the Mayor are each authorized to
execute such documents on behalf of the City as may be deemed
necessary to consummate and ratify the aforesaid transactions.
, 1985.
William L.
~/~" ' St~or
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~ ~~~ /~ ,
1985.
City Clerk