HomeMy WebLinkAboutR02-045 financing of Golden EAgle Manor Apartmentsr
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Commissioner 6171- � _moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002-DI/ S
IN THE MATTER OF APPLYING FOR FINANCING FOR
AND MANAGEMENT OF THE GOLDEN EAGLE MANOR APARTMENTS
FROM THE UNITED STATES OF AMERICA ACTING
THROUGH RURAL HOUSING SERVICE OF THE
UNITED STATES DEPARTMENT OF AGRICULTURE
WHEREAS, Eagle County, Colorado ( "County") is a political subdivision of the
State of Colorado ( "State "), duly organized and existing pursuant to the laws and the
Constitution of the State; and
WHEREAS, Eagle County is desirous of preserving existing housing for its
elderly citizens; and
WHEREAS, the United States of America acting through Rural Housing Service
of the United States Department of Agriculture ( "USDA ") has financing available to assist
organizations, such as the County, in helping its citizens with housing needs; and
WHEREAS, County pursuant to the Contract to purchase the Golden Eagle
Apartments dated February 12, 2002, is prepared to assume the balance of the USDA loans
associated with the project subject to the terms and conditions of that Contract; and
WHEREAS, USDA must approve a management plan for the apartments in
connection with any financing; and
WHEREAS, Eagle County is desirous of submitting a management plan and
obtaining said funds to assist with matters relating to the purchase of the Golden Eagle Manor
Apartments and authorizes the Chairman of the Eagle County Board of County Commissioners
and David Carter, Director of the Eagle County Housing Department, to apply for such funds.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the County wishes to apply for assistance from USDA to assist in the
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purchase of the Golden Eagle Manor Apartments as housing for elderly residents of Eagle
County.
THAT, the County agrees to assume the existing USDA loans associated with the
Golden Eagle Elderly Apartments subject to the terms and conditions of the purchase and sale
contract dated February 12, 2002.
THAT, the Board hereby authorizes the Chairman of the Eagle County Board of
County Commissioners and David Carter, Director of the Eagle County Housing Department, to
take the necessary steps to apply for and utilize financing available from USDA.
THAT, the Board hereby authorizes the Chairman of the Eagle County Board of
County Commissioners and David Carter, Director of the Eagle County Housing Department, to
take the necessary steps to apply for management approval from USDA.
THAT, the Board hereby authorizes the Chairman of the Eagle County Board of
County Commissioners to execute on behalf of County any and all necessary documents,
instruments, papers or other forms necessary for the consummation of the sale of the property,
including assumption of existing USDA loans, which documents may include assumption
agreements, transfer of bank accounts, disclosure statements, settlement sheets as well as any
other necessary documents which are required or desirable in connection with the application to
USDA and the closing of the transaction.
THAT the Board hereby ratifies, confirms, and approves all actions taken to date
in seeking funding and approval from USDA.
THAT, this Resolution is necessary for the public health, safety and welfare of the
citizenry 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 the/ of
2002.
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Tom C. Stone, Commissioner
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Commissioner ,�,4 seconded adoption of the foregoing resolution. The roll
having been called, the voic was as follows:
Commissioner Gallagher
Commissioner Menconi
Commissioner Stone_
This Resolution passed by c3 - C) vote of the Board of County Commissioners
of the County of Eagle, State of Colorado.