HomeMy WebLinkAboutR13-107 927 Second Street Purchase Commissioner C—i Du-12-moved adoption of the following resolution:
BOARD OF COMMISSIONERS
EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY
RESOLUTION NO. 2013- ( 01
RESOLUTION AUTHORIZING THE EXERCISE OF AND EXPENDITURE OF FUNDS
ASSOCIATED WITH THE PURCHASE AND GRANTING AUTHORITY TO LIST AND
SELL TOWN OF EAGLE LOCAL EMPLOYEE RESIDENCY PROGRAM UNIT, 927
SECOND STREET, EAGLE, EAGLE COUNTY, COLORADO UPON ACQUISITION
OF THE SAME
WHEREAS, Town of Eagle Local Employee Residency Program Unit 927 Second Street,
Eagle, Eagle County, Colorado (the"Unit") was acquired by Hearthstone Partners LLC through
foreclosure; and
WHEREAS,the Unit was subject to a deed restriction to maintain the affordability of the
Unit; and
WHEREAS,the Town of Eagle has assigned and delegated all of its rights, duties and
obligations concerning the Town of Eagle's right to purchase the Unit to Eagle County Housing
and Development Authority("ECHDA"); and
WHEREAS, ECHDA desires to preserve the deed restriction for the Unit; and
WHEREAS,the ECHDA desires to authorize the expenditure of funds to complete the
acquisition of the Unit and to authorize any commissioner of the ECHDA to execute documents
that may be required to complete the acquisition of the Unit; and
WHEREAS,upon acquisition of the Unit, ECHDA desires to list the Unit for sale
through The Valley Home Store; and
WHEREAS,upon approval of the listing agreement and upon approval of a sale
agreement for the Unit in an open meeting, the ECHDA desires to authorize any of its
commissioners to execute any documents associated with the sale and closing of the Unit.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE
EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY:
THAT, the expenditure of funds equal to the amount paid by Hearthstone Partners LLC at
the 10/2/2013 Eagle County public trustee sale to purchase 927 Second Street plus reasonable
costs incurred during the option period which are directly related to the foreclosure is hereby
authorized to complete the acquisition of the Unit.
- - _
THAT, any commissioner of the ECHDA is hereby authorized to execute documents that
may be required to make an offer and to complete the acquisition of the Unit.
THAT,upon acquisition of the Unit, ECHDA desires to list the Unit for sale through The
Valley Home Store.
THAT, the listing agreement for the Unit and any future purchase and sale agreement for
the Unit will be considered or ratified in an open meeting.
THAT,upon approval of a listing agreement and upon approval of a purchase and sale
agreement for the Unit, the ECHDA desires to authorize any of its commissioners to execute any
documents associated with the sale and closing of the Unit.
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, at its regular meeting held this I I'day of /JO V . , 2013.
EAGLE COUNTY HOUSING AND
NITIUS DEVELOPMEN T AUTHORITY
Oi ERGO£c
__ 1 ? ; . By: jayzAs___()e Sara J. Fisher, Chairman.ie
lt-l-o lc f. • .r _mow.i.... A00 By: Ale((---- C/ ► '-'--
0'1' 1 . an H. 'yan, Co , , issioner
_ ur
BY: A,'r � � � Il U
Kath!1 handler-Henry, Commissio
Commissioner l l� . seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Fisher 14-0,;
Commissioner Ryan t —k a
Commissioner Chandler-Henry la-u "
This Resolution passed by /0 vote of the Commissioners of the Eagle
County Housing and Development Authority.
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