No preview available
HomeMy WebLinkAboutR07-135 Down Payment Assistance AdoptionCommissioner ~'~-~ ~+.- moved for adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION N0.2007- ~ ~~ RESOLUTION ADOPTING EAGLE COUNTY DOWN-PAYMENT ASSISTANCE PROGRAM WHEREAS, Eagle County, Colorado is a political subdivision of the State of Colorado, duly organized and existing pursuant to the laws and the Constitution of the State; and WHEREAS, median housing prices in Eagle County have risen dramatically in the last several years, with a marked increase from 2005-2006; and WHEREAS, this increase has made purchasing a home in Eagle County materially less affordable to Eagle County employees; and WHEREAS, making housing affordable to Eagle County employees is important to recruiting and retaining them; and WHEREAS, the Board of County Commissioners of the County of Eagle, State of Colorado (hereinafter "the Board") wishes to promote home ownership among its employees in order to foster community and longevity among its employees; and WHEREAS, to effect homeownership, the County wishes to provide fmancial assistance to its employees in the form of down-payment assistance through a pilot program. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the County adopt the Employee Down-Payment Assistance Program as a pilot program subject to annual review and appropriation of funds by the Board. THAT, the terms of the Employee Down-Payment Assistance Program be governed by Exhibit "A" hereto. THAT, to the extent that any inconsistencies exist between the Term Sheet attached to Exhibit "A" and the text of Exhibit "A" itself, Exhibit "A" shall control. THAT, the Board may amend or modify this Resolution or Exhibit "A" or provision contained herein at its discretion through a public hearing and resolution. THAT, the Board of County Commissioners fords, determines, and declares that this Resolution is necessary for the public health, safety, and welfare of the citizens of the County of Eagle, State of Colorado. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held this .~ day of December, 2007. Peter F. Runyon, Commissioner ~~'FLSeconded adoption of the foregoing Resolution. The roll having been called, the vote was as follows: Commissioner Menconi ti Commissioner Fisher ti Commissioner Runyon This Resolution passed by `'alb vote of the Board of County Commissioners of the County of Eagle, State of Colorado. COUNTY OF EAGLE, STATE OF COLORADO By and Through its BOARD OF COUNTY COMMISSIONER By: Arn M. co Chairman ~~ G:Wlex Pntente~Coumy Wide Down Paymetn AuiCatt~e~Eagle Courdy Fund Resolution'_OU7.DGC Commissioners