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HomeMy WebLinkAboutR13-108 Donation of Land Castle Peak Senior Care Community Commissioner moved adoption of the following Resolution: EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY COUNTY OF EAGLE, STATE OF COLORADO 0 RESOLUTION NO. 2013- ( V o RESOLUTION AUTHORIZING THE DONATION OF LAND FOR CASTLE PEAK SENIOR CARE COMMUNITY WHEREAS, Eagle County Housing and Development Authority ("ECHDA") is a statutory housing authority established pursuant to C.R.S. 29-4-501 et. seq.; and WHEREAS, ECHDA has all of the powers identified in C.R.S. 29-4-505 and those granted to a city housing authority in C.R.S. 29-4-201 et. seq. including the authority to sell, exchange, transfer, assign or pledge any property, real or personal, or any interest therein to any person firm, or corporation as provided in C.R.S. 29-4-209 (1)(l); and WHEREAS, ECHDA has been participating in the predevelopment of the proposed 64- bed senior care community known as Castle Peak Senior Care Community (the "Project") which will be located on a portion of Lots 2, 3, and 4, Eagle Ranch, Filing No. 26, according the plat thereof, recorded August 28, 2007, at Reception Number 200722921, in the real property records of Eagle County, Colorado (such property hereinafter referred to as the "Land"); and WHEREAS, the development and construction of senior housing and continuum of care retirement housing in accordance with land use approvals granted by the Town of Eagle will serve the needs of populations who, by virtue of age or disability, have special housing needs or requirements that cannot reasonably be met by existing housing available in Eagle County, Colorado; and WHEREAS, Senior Care Land Company LLC, whose sole member is ECHDA, purchased the Land for $1,645,000 on April 15, 2013; and WHEREAS, the commercially available sources of funds to develop and construct the Project are not sufficient to fund the costs of the Project. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY: THAT, the ECHDA Board hereby authorizes the donation to Castle Peak Senior Care, LLC a portion of the Land consisting of approximately 3 acres upon which Phase 1 of the Project will be constructed subject to the terms and conditions of the various project documents to be entered into by the parties. The value of this portion of the Land is approximately $988,000; and THAT, the ECHDA Board hereby finds, 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 AND ADOPTED by the Board of Commissioners of the Eagle County Housing and Development Authority, at its meeting held this 11' day of MO V, 2013. EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY Z r i ` 4 * By: 0/11) LA(....--- elrF ,t ("otos" Sara J. Fisher u� / Y Ji an H. Ryan o • ission= Kathy lit dler-Henry Commissioner Commissioner( lO l uA- 12--i seconded adoption of the foregoing resolution. The roll having been called, the vote as follows: Commissioner Fisher Commissioner Ryan A-1i u Commissioner Chandler-Henry I1--14 " This Resolution passed by / () vote of the Eagle County Housing and Development Authority.