HomeMy WebLinkAboutR11-013 Transfer and Assign Funds Habitat for Humanity Commissioner moved adoption
of the ollowin Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2011 - ( 1'
RESOLUTION AUTHORIZING EAGLE COUNTY, COLORADO TO TRANSFER AND
ASSIGN FUNDS TO BE PAID BY HABITAT FOR HUMANITY OF EAGLE AND LAKE
COUNTIES, INC. TO EAGLE COUNTY HOUSING AND DEVELOPMENT
AUTHORITY
WHEREAS, Eagle County, Colorado ( "County ") is a political subdivision of the State
of Colorado with all the powers granted to statutory counties; and
WHEREAS, Eagle County Housing and Development Authority ( "ECHDA ") is a body
corporate and politic, authorized pursuant to C.R.S. 29 -4 -501, whose purpose is the development
of housing for the residents of Eagle County; and
WHEREAS, on May 15, 2007, County approved a Conditional Grant Award to Habitat
for Humanities of Eagle and Lake Counties, Inc. for the Purchase of Tract A of the Final Plat of
Fox Hollow ( "Conditional Grant Award "); and
WHEREAS, the Conditional Grant Award contemplates the sale of housing credits or
possible repayment of the Conditional Grant Award of $500,000;
WHEREAS, the Conditional Grant Award was for the purpose of acquiring land upon
which affordable housing is to be constructed; and
WHEREAS, County desires to transfer and assign such funds which are required to be
paid to County pursuant to the Conditional Grant Award to ECHDA for use in the development
of housing or any other authorized purpose.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the County hereby authorizes the transfer and assignment of funds which are
required to be paid to County pursuant to the Conditional Grant Award to the ECHDA to be used
for the development of housing or any other authorized purpose.
THAT, the Board hereby finds, determines and declares that this Resolution is necessary
for the public health, safety and welfare of the residents of the County of Eagle, State of
Colorado.
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MOVED, READ AND ADOPTED by the Board of County Commissioners of the
Cou t of Eagle, State of Colorado, at its regular meeting held the day of
, 2011.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
ATTEST: + ` -,"
I ' ' ' ' "' .1
0
BY: / BY:
Teak J. Simon on 1 01010V Jon Stavney /
Clerk to the Board of _
County Commissioners BY 4110
Peter . ' unyon, ommission-
BY: n/l 4n/2A
Sara J. Fisher, ommissioner
Commissioner seconded adoption of the foregoing resolution. The roll having
been called, the vote s as follows:
Commissioner Jon Stavney 0.60-04
Commissioner Peter F. Runyon
Commissioner Sara J. Fisher
This Resolution passed by 7 /0 vote of the Board of County Commissioner of the
County of Eagle, State of Colorado.
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