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Resolution 2012-55
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Resolution 2012-55
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Last modified
2/28/2024 11:52:43 AM
Creation date
8/22/2012 10:37:51 AM
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City Council Records
Also Known As (aka)
IGA Housing Authority_Affordable Housing 2012
Doc Type
Resolution
Signed Date
8/21/2012
Ord/Res - Year
2012
Ord/Res - Number
55
Cross-Reference
IGA LOUISVILLE HOUSING AUTHORITY AND BOULDER COUNTY HOUSING AUTHORITY 504 LAFARGE AVE, 1301 LINCOLN AVE, 1899 REGAL CT, 1817 REGAL ST, 1888 REGAL CT, 255 REGAL ST, 1450 LINCOLN AVE, 502 SOUTH BOULDER
Original Hardcopy Storage
7D5
Record Series Code
45.160
Record Series Name
Resolutions
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RES 2012-55
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a. Acme Place. Within 60 days of the Effective Date of this Agreement, LHA shall <br />convey to BCHA marketable title to the Acme Place Property, including all improvements, personal <br />property, fixtures, and trade fixtures attached thereon, by executing and recording with the <br />Boulder County Clerk and Recorder ( "Recording ") a special warranty deed, of form and substance <br />substantially similar to that attached hereto as Exhibit Q (a "Special Warranty Deed "). <br />Concurrently with and contingent upon the transfer of the Acme Place Property, LHA shall transfer <br />any Security Deposits associated with the Acme Place Property to BCHA. <br />b. Lilac Place. Within 60 days of the Lilac Place Consents or BCHA providing LHA <br />written Notice of its willingness to pay the remaining balance on the Lilac Note, whichever occurs <br />first, LHA shall convey to BCHA marketable title to the Lilac Place Property, including all <br />improvements, personal property, fixtures, and trade fixtures attached thereon, by executing and <br />Recording a Special Warranty Deed. Concurrently with and contingent upon the transfer of the <br />Lilac Place Property, BCHA shall either assume and be solely responsible for full payment of, or <br />payoff at closing, the remaining balance on the Lilac Note and LHA shall transfer any Security <br />Deposits associated with the Lilac Place Property to BCHA. <br />c. Regal Court II. Within 60 days of the Regal Court Consents or BCHA providing LHA <br />written Notice of its willingness to pay the remaining balance on the Regal Court Notes, whichever <br />occurs first, LHA shall convey to BCHA marketable title to the Regal Court Property, including all <br />improvements, personal property, fixtures, and trade fixtures attached thereon, by executing and <br />Recording a Special Warranty Deed. Concurrently with and contingent upon the transfer of the <br />Regal Court Property, BCHA shall either assume and be solely responsible for full payment of, or <br />payoff at closing, the remaining balance on the Regal Court Notes and LHA shall transfer any <br />Security Deposits associated with the Regal Court Property to BCHA. <br />d. Lincoln Street. Within 60 days of the Lincoln Street Consent or BCHA providing <br />LHA written Notice of its willingness to pay the remaining balance on the Lincoln Street Note, <br />whichever occurs first, LHA shall convey to BCHA marketable title to the Lincoln Street Property, <br />including all improvements, personal property, fixtures, and trade fixtures attached thereon, by <br />executing and Recording a Special Warranty Deed. Concurrently with and contingent upon the <br />transfer of the Lincoln Street Property, BCHA shall either assume and be solely responsible for full <br />payment of, or payoff at closing, the remaining balance on the Lincoln Street Note, and LHA shall <br />transfer all of the Lincoln Street Funds and any Security Deposits associated with the Lincoln Street <br />Property to BCHA. <br />e. Regal Square. Contingent upon and within 60 days of the Regal Square Consent or <br />BCHA providing LHA written Notice of its willingness to pay the remaining balance on the Regal <br />Square Note, LHA shall convey to BCHA marketable title to the Regal Square Property, including all <br />improvements, personal property, fixtures, and trade fixtures attached thereon, by executing and <br />8 <br />
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