HomeMy WebLinkAboutResolution 04-2014PAAiTHORITY
RESOLUTION NO. 4
SERIES 2014
TITLE: A RESOLUTION APPROVING THE SALE OF REAL PROPERTY
OWNED BY THE AUTHORITY TO THE FRUITDALE BUILDING
COPORATION, LLC
"IM MIN M ON - - W w
I ON In I Lft I I F I A M L-71- I I "* • - ' • '— -- a t A •
WHEREAS, the Authority has determined that the Property is no longer
necessary for the Authority's purposes; and
WHEREAS, the Authority has entered into a purchase and sale agreement with
Fruitdale Building Corporation, a Colorado nonprofit corporation, for the sale of the
Property; and
WHEREAS, on July 22, 2014 the Authority authorized its staff to negotiate, and
the Authority Chair to execute a purchase and sale agreement with the Fruitdale
Building Corporation for the sale • the Property.
1. The Authority hereby ratifies and confirms its prior approval of the sale
the Property to the Fruitdale Building Corporation, including approval
the Purchase and Sale Agreement and First Amendment thereto. I
2. The Authority hereby assigns to the Fruitdale Building Corporation
existing leases, licenses and contracts concerning the property.
3. The Authority hereby authorizes and directs the Chair and Secretary to the
Authority to execute all documents and take all further actions necessary
• the conveyance of the Property to the Fruitdale Building Corporation.
DONE AND RESOLVED this day of October, 2014,
B
Ic e fli6`mpsbn, Chair 7
Kim Waggoner, � Wetary
Exhibit
* * Description Property
M Ile,