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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,