HomeMy WebLinkAboutR24-02 ECHDA Authorizing Ex Dir of ECHDA to Execute Agreements Associated with Haymeadow Units DocuSign Envelope ID:54585629-F418-4B0B-97C1-059526064072
Commissioner McQueeney moved adoption
of the following Resolution:
EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY
RESOLUTION NO. 2024- 02
RESOLUTION AUTHORIZING EXECUTIVE DIRECTOR OF THE EAGLE COUNTY
HOUSING AND DEVELOPMENT AUTHORITY TO EXECUTE AGREEMENTS AND
DOCUMENTS ASSOCIATED WITH THE PURCHASE AND RESALE OF
HAYMEADOW UNITS
WHEREAS,the Eagle County Housing and Development Authority(the "ECHDA")
entered into a Purchase and Sale Agreement with 7 Hermits, LLC, dated April 4, 2023, for the
purchase of forty-three (43) condominium units (each a"Unit") and twenty-one (21) garages in
Phase 1 of the Haymeadow Planned Unit Development located in Eagle, Colorado (the
"Agreement"); and
WHEREAS, the closing of the purchase of the Units by the ECHDA shall occur in
phases after the Units are substantially complete in accordance with Agreement; and
WHEREAS, it is ECHDA's intent to sell each Unit acquired pursuant to the Agreement
to third-party purchasers as part of its mission to provide affordable housing within Eagle
County, with closing to occur simultaneously with any closing on the purchase of a Unit by
ECHDA under the Agreement, or at a subsequent date; and
WHEREAS,ECHDA desires to delegate to the Executive Director of ECHDA and in
her absence, the Eagle County Housing Manager, the authority to negotiate, enter into and
execute on its behalf Reservation Agreements and Contracts to Buy and Sell Real Estate with
third-party purchasers for the subsequent sale of the Units; and to authorize the Director, and in
her absence the Eagle County Housing Manager, to execute on its behalf all documents,
instruments and other forms that may be necessary to complete the purchase of the Units, and to
complete the subsequent resale of the Units to third-party purchasers, including but not limited
to, closing authorizations and instructions, settlement statements, closing documents, and deeds,
all subject to prior review by the Eagle County Attorney's Office and subject to availability of
budgeted and appropriated funds; and
WHEREAS, agreements and documents committing funds for the purchase of the Units
and executed by the Executive Director of the ECHDA shall be identified on the next available
agenda for the ECHDA Board of Commissioners.
DocuSign Envelope ID:54585629-F418-4B0B-97C1-059526064072
NOW, THEREFORE,BE IT RESOLVED BY THE COMMISSIONERS OF THE EAGLE
COUNTY HOUSING AND DEVELOPMENT AUTHORITY:
THAT the ECHDA Board hereby authorizes the Executive Director of ECHDA and in
her absence, the Eagle County Housing Manager, to negotiate, enter into and execute on its
behalf Reservation Agreements and Contracts to Buy and Sell Real Estate with third-party
purchasers for the subsequent sale of the Units; and further authorizes the Director, and in her
absence, the Eagle County Housing Manager, to execute on its behalf all documents, instruments
and other forms that may be necessary to complete the purchase of the Units, and to complete the
subsequent resale of the Units to third-party purchasers, including but not limited to, closing
authorizations and instructions, settlement statements, closing documents, and deeds, all subject
to prior review by the Eagle County Attorney's Office, and subject to availability of budgeted
and appropriated funds.
THAT, the Board of County Commissioners finds, determines and declares that this
Resolution is necessary for the public health, safety and welfare of the citizens of Eagle County,
State of Colorado.
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DocuSign Envelope ID:54585629-F418-4B0B-97C1-059526064072
MOVED, READ AND ADOPTED by the Eagle County Housing and Development Authority,
at its regular meeting held this 16th day of Apri 1 , 2024.
DocuSigned by:
if EAGLE COUNTY HOUSING AND
DEVELOPMENT AUTHORITY
cotonno°
ATTEST:
DocuSigned by: DocuSigned by:
6014 bat MIMS Sdane
By:
81E7B2D718E0473..
Secretary to EI1Ai Matt Scherr
President, ECHDA
,-DocuSigned by:
17
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Jeanne McQueeney
Commissioners
Kathy Chandler-Henry
Commissioner
Commissioner scherr seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Scherr Aye
Commissioner McQueeney Aye
Commissioner Chandler-Henry Absent
This resolution passed by 2/0 vote of the Board of County Commissioners of the
County of Eagle, State of Colorado
