HomeMy WebLinkAboutResolution 02-2014WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 02
Series of 2014
TITLE: A RESOLUTION AUTHORIZING THE PURCHASE AND ENCUMBRANCE
OF REAL PROPERTY
WHEAREAS, The Wheat Ridge Housing Authority (Authority) deems it desirable and in the
best interests of the Authority to acquire and encumber real property located in the City of Wheat Ridge
for purposes of upgrading the property and re-selling to low and moderate income homeowners through
the Jefferson County CDBG program.
NOW, THEREFORE, BE IT RESOLVED, that the Chairperson is hereby authorized, directed
and empowered to execute, for and on behalf of the Authority and in its name, any and all documents
required in connection with the purchase of the Property, including but not limited to purchase
agreements and escrow documents as well as Notes and Deeds of Trust from lenders and funding sources,
if required,
RESOLVED FURTHER, that the Chairperson may executed a Power of Authority directing the
Authority's agent, Larry Nelson to execute said purchase agreements and escrow documents in
conjunction with the acquisition of real property.
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ADOPTED this' o 2014,
WHEAT RIDGE HOUSING AUTHORITY
t ATTEST:,
Secretary to the ornity