HomeMy Public PortalAboutTBP 1997-10-22
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TOWN OF FRASER
"Icebox of the Nation"
P.O. Box 120 /153 Fraser Avenue
Fraser, Colorado 80442
(970) 726-5491
FAX Line: (970) 726-5518
TOWN BOARD AGENDA: SPECIAL MEETING
OCTOBER 22, 1997, 12:00 noon
FRASER TOWN -HALL
1. Roll call
2. Executive Session
a) An executive session.is requested to discuss the purchase of property
(C.R.S. 24-6-402 (3)(~)(II)).
2. Action Item
a) Resolution No. , a resolution approving the purchase of property.
3. Adjourn
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TOWN OF FRASER
RESOLUTION NO. -
A RESOLUTION AUTHORIZING THE JOINT PURCHASE OF PROPERTY FROM THE ST.
ONGE FAMILY IN PARTNERSHIP WITH THE TOWN OF WINTER PARK
WHEREAS, the Towns of Fraser and Winter Park desire to purchase property for the purpose of
assisting the community-at':'large with the provision of affordable housing; and
WHEREAS, the Town Board, Town Attorney, and staff have reviewed a vacant land contract
that negotiates the terms of the land's purchase; and
WHEREAS, the Town Board has approved the contract for the purchase of the S1. Onge parcel
based on negotiated price and terms in a contract scheduled for "closing on November 14,1997
and with the spending cap that has been directed to the Fraser Town Manager; and
WHEREAS, the contract stipulates a 50% partnership with the Town of Winter Park on the
purchase of this parcel; and
WHEREAS, approximately $100,000 of Fraser's share ofthe property's price is being funded by
the gift Matt Gold gave the Town per Resolutions 2-1-97 and 10-1-97; and
. WHEREAS, the Town Board has agreed to split "50/50" the cost of an appraisal which is
specified in the vacant land contract with the Town of Winter Park; and
WHEREAS, it is in the best interest of both towns to have a conceptual "memorandum of
understanding" that outlines our mutual interests vis-a-vis the purchase of this property, and that
this resolution is accompanied by such memorandum;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF FRASER, COLORADO
BOARD OF TRUSTEES THAT THE MAYOR IS AUTHORIZED TO SIGN ALL
DOCUMENTS TO COMPLETE THIS REAL ESTATE TRANSACTION, ALONG WITH A
MEMORANDUM OF UNDERSTANDING WITH THE TOWN OF WINTER PARK
RELATIVE TO THE PURCHASE OF THIS LAND.
APPROVED AND PASSED this day of , 1997, by a vote of
to
TOWN OF FRASER
Jeff Johnston, Mayor
ATTEST:
Vicky Winter, Town Clerk .
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MEMORANDUM OF UNDERSTANDING
BETWEEN THE
TOWNS OF WINTER PARK AND FRASER
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WHEREAS, the towns of Winter Park and Fraser have agreed to jointly purchase a parcel of land
described generally as the "St. Onge" parcel; and
WHEREAS, the approval and intent of this purchase is stated in Town of Winter Park
Resolution Series of 1997 and Town of Fraser Resolution No. ,
NOW, THEREFORE, THE TOWNS OF WINTER PARK AND FRASER AGREE TO THE
GENERAL PROVISIONS PROVIDED HEREIN:
. The parcel, if developed at the initiative of the two towns, shall be used to provide
affordable/attainable housing.
. The two towns shall share any and all development costs, or costs associated with
preparing the site for development, on a "50/50" basis.
. The two towns shall actively seek other partners to participate in the development of
affordable/attainable housing on this parcel.
. The towns shall work.on a formal intergovernmental agreement that will govern the
relationship between the towns of Winter Park and Fraser vis-a-vis development on
the parcel. If, for any reason, the terms of the formal intergovernmental agreement
can not be agreed upon or completed by June 30, 1998 or such longer period as the
two towns agree, the land shall be sold pursuant to the language below:
Net proceeds from the land, if sold for any reason, shall be divided between the
two towns on a "50/50" basis.
Town of Winter Park Town of Fraser
Harold N. Teverbaugh, Mayor Jeff Johnston, Mayor
ATTEST
Town of Winter Park Town of Fraser
Nancy J. Anderson, CMC, Town Clerk Vicky Winter, Town Clerk