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RESOLUTION NO. !i!1
Series of 2007
A RESOLUTION OF THE CITY OF ASPEN, COLORADO, APPROVING THE ACQUISITION
BY THE CITY OF ASPEN OF CERTAIN REAL PROPERTY COMMONLY REFERRED TO
AS 517 P ARK AVENUE IN THE CITY OF ASPEN, COLORADO; AUTHORIZING THE CITY
MANAGER, ASSISTANT CITY MANAGER, OR MAYOR TO EXECUTE ON BEHALF OF
THE CITY OF ASPEN A CONTRACT TO BUY AND SELL REAL ESTATE AND SUCH
OTHER DOCUMENTS AS MAY BE NECESSARY TO CONSUMMATE THE LAND
ACQUISITION; AND TO DECLARE CITY COUNCIL'S OFFICIAL INTENT FOR THE
FUTURE USE OF THE LAND TO BE ACQUIRED.
WHEREAS, the City of Aspen (the "City"), in the County of Pitkin and state of Colorado,
is a home rule municipality duly organized and existing pursuant to the constitution and laws of the
State of Colorado; and
WHEREAS, the City Council of the City is the governing body of the City; and
WHEREAS, it has been brought to the attention of the City that real estate property,
commonly referred to as 517 Park Avenue, located within the City boundaries, (the "Property") has
been made available for purchase; and
WHEREAS, the Property is strategically located for potential affordable housing
opportunities, recreational opportunities, affordable housing and other potential public uses; and
WHEREAS, the City has determined that the acquisition of the Property.
NOW, WHEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ASPEN, COLORADO:
Section One
That the City Council of the City of Aspen hereby approves that certain Contract to Buy and
Sell Real Estate, Counterproposal, and Amendments made to date, copies of which are annexed
hereto as an exhibit, and does hereby authorize the City Manager, Assistant City Manager, or
Mayor of the City of Aspen to execute said contract and all other requisite documents to
consummate the contemplated purchase; PROVIDED HOWEVER, that the City Attorney has
completed the due diligence for the Property and is satisfied as to titles and other matters.
Dated: ~ II
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 ~-e. /1 , 2007.
JPW- saved: 6/5/2007.376-G:\john\word\resos\517 Park Ave.doc