HomeMy WebLinkAbout1990-114-07/17/1990-281 NORTH COLLEGE AVENUE APPROVING AGREEMENT PURCHASE AND SALE RESOLUTION TRUST CORPORATION RESOLUTION 90-114
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING AGREEMENT OF PURCHASE AND SALE OF
REAL PROPERTY BETWEEN RESOLUTION TRUST CORPORATION, AS
CONSERVATOR OF TOPEKA SAVINGS, A FEDERAL SAVINGS AND
LOAN ASSOCIATION, AS SELLER, AND THE CITY OF FORT
COLLINS, AS PURCHASER, FOR THE PURCHASE OF
281 NORTH COLLEGE AVENUE, FORT
COLLINS, COLORADO
WHEREAS, the City of Fort Collins, as purchaser, and the Resolution
Trust Corporation, as conservator of Topeka Savings, a Federal Savings and
Loan Association, as seller, entered into an Agreement of Purchase and Sale
of Real Property, dated May 10, 1990, ("the Agreement") ; and
WHEREAS, pursuant to the terms of the Agreement, the City of Fort
Collins has agreed to purchase from the Resolution Trust Corporation that
certain real property commonly known as 281 North College, Fort Collins,
Colorado (hereinafter "the Real Property") ; and
WHEREAS, the Agreement is contingent upon City Council approval ; and
WHEREAS, Council finds that the purchase of the Real Property is in
the best interests of the City of Fort Collins.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the purchase of the Real Property is in the best interests of
the City of Fort Collins and that the RTC Agreement of Purchase and Sale is
hereby approved, subject to the City Council 's subsequent appropriation of
funds necessary to meet the City's obligations under the Agreement on or
before September 7, 1990.
Passed and adopted at a regular meeting of the City Council held this
17th day of July, A.D. 1990.
JI'A'A"A 'J'0Z
Mayor
ATTEST:
A
City Clerk