HomeMy Public PortalAboutResolution 2022-01-10 Ratifying An Amendment to a Contractural Offer and Intent to Purchase Victoria Village SubdivisionTOWN OF FRASER
BOARD OF TRUSTEES
Resolution No. 2022-01-10
A RESOLUTION RATIFIYING AN AMENDMENT TO A CONTRACTURAL OFFER
AND INTENT TO PURCHASE THE VICTORIA VILLAGE SUBDIVISION
WHEREAS, the Town of Fraser is actively pursuing affordable housing initiatives in
alignment with the needs of the community and established as the number one priority by the
Board of Trustees.
WHEREAS, the Town of Fraser previously made an offer for the purchase of the Victoria
Village Subdivision in the amount of $3,650,000 that was not accepted due to more competitive
offers.
WHEREAS, in an effort to ensure acquisition of the Victoria Village Subdivision and
pursue affordable housing initiatives in the Fraser Valley, the Town of Fraser provided a
counteroffer in the amount of $3,800,000 which was in turn accepted by the property owner. A
copy of the accepted counteroffer is attached to this Resolution.
WHEREAS, the Town of Fraser has submitted a grant application under the Operation
Turn -Key Grant Program for which will pay up to 80% of the land acquisition costs.
BE IT HEREBY RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER,
COLORADO THAT:
1. The counteroffer for the acquisition of the Victoria Village Subdivision in the amount of
$3,800,000 is hereby ratified and approved.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 19th DAY OF January, 2022.
Votes in favor: 7 BOARD TRUSTEES OF THE
Votes opposed: O TOWN F F'AS COLQRAD
Absent:
Abstained: Q BY:
Mayor
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Town Clerk