HomeMy WebLinkAboutR17-087 ECHDA Contract to Buy Miller Ranch Unit 69 Marble F129 Commissioner OMV QuU'L - IJ.t.%/YL-`''
moved adoption of the following resolution:
EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY
RESOLUTION NO.2017b�U�
RESOLUTION RATIFYING THE CONTRACT TO BUY
MILLER RANCH UNIT 69 MARBLE F129,EDWARDS, COLORADO; AUTHORIZING
ANY COMMISSIONER TO SIGN CLOSING DOCUMENTS ASSOCIATED WITH
ACQUISITION OF THE SAME; AND AUTHORIZING RESALE OF THE UNIT
SUBJECT TO THE DEED RESTRICTION FOR MILLER RANCH
WHEREAS,on October 7, 2013,Miller Ranch Unit 69 Marble F129,Edwards,Eagle
County, Colorado (the"Unit")was acquired by third parties (the "Sellers") after foreclosure by
the holder of a first deed of trust encumbering the Unit; and
WHEREAS,on November 22, 2017,the Eagle County Housing and Development
Authority(ECHDA)submitted an offer to purchase the Unit from the Sellers;and
WHEREAS,on December 4,2017, the ECHDA signed a counteroffer submitted by the
Sellers,subject to approval and ratification by the ECHDA Board at a regularly scheduled and
public meeting(the"Contract"); and
WHEREAS,a copy of the Contract is attached hereto and incorporated herein as Exhibit
A; and
WHEREAS,the ECHDA desires to ratify the Contract and to authorize any
commissioner of the ECHDA to execute documents that may be required at closing to complete
the acquisition of the Unit, subject to review and approval by the Eagle County Attorney's Office;
and
WHEREAS,upon acquisition of the Unit,ECHDA desires to reinstate the deed
restriction and list the Unit for re-sale through The Valley Home Store;and
NOW,THEREFORE,BE IT RESOLVED BY THE COMMISSIONERS OF THE
EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY:
THAT,the Contract is hereby approved and ratified.
THAT,any commissioner of the ECHDA is hereby authorized to execute documents that
may be required to close and complete the acquisition of the Unit, subject to review and approval
of said documents by the Eagle County Attorney's Office.
THAT,upon acquisition of the Unit, the Eagle County Housing Director is hereby
authorized to sign the listing agreement on behalf of the ECHDA,subject to review and approval
by the Eagle County Attorney's Office, in order to officially list the Unit for resale through the
Valley Home Store.
THAT,any commissioner of the ECHDA is hereby authorized to execute any documents
associated with the resale of the Unit as a deed restricted unit under the Deed Restriction
Agreement for the Occupancy and Resale of Miller Ranch Housing,subject to ratification of the
same by the ECHDA at a regularly scheduled and public meeting.
THAT this Resolution is necessary for the health, safety and welfare of the people of
Eagle County, Colorado.
MOVED,READ AND ADOPTED by the Commissioners of the Eagle County Housing
and Development Authority i7 • . meeting held this w day of OLP___ . , 2017.
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By: ♦ #!IL[ll !IILt /C
athy i :�tid�ier-Henry, Commis Toner
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By: C-tit—LQ
Ganne McQueen , mmissioner
Commissioner W tL CI)klUh.c..4 V,`-^ seconded adoption of the foregoing resolution. The roll
having been called,the vote was as follows:
Commissioner Ryan 1
Commissioner Chandler-Henry ta-i. 4
Commissioner McQueeney 4\--1A/ -1►
This Resolution passed by ` vote of the Commissioners of the Eagle County
Housing and Development Authority.
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