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TC Resolution 26-01 Approving a Purchase Agreement and Authorizing the Acquisition of 91 Beaver Creek Place, Avonn ,ovon COLORADO RESOLUTION 26-01 APPROVING A PURCHASE AGREEMENT AND AUTHORIZING THE ACQUISITION OF 91 BEAVER CREEK PLACE, AVON WHEREAS, the Town of Avon ("Town") is a home rule municipality of the State of Colorado and is empowered to adopt policies, take action, acquire real property, and approve agreements by Resolution; and WHEREAS, the Avon Town Council ("Council") is organized under the laws of the State of Colorado and possesses the maximum powers, authority and privileges to which it is entitled under Colorado law; and WHEREAS, the Council finds that acquiring the property at 91 Beaver Creek Place, within the Town, will facilitate and enable the ability of the Town of Avon to develop Community Housing; and WHEREAS, the Council finds that the acquisition of 91 Beaver Creek Place will promote the health, safety and general welfare of the Avon community, and finds it appropriate and beneficial to approve the subject purchase agreement in its attached form; and WHEREAS, the Council authorizes the Town to acquire the property at 91 Beaver Creek Place and approves the Town entering into the subject purchase agreement through the execution of the Contract to Buy and Sell Real Estate (Commercial), as amended, attached as Exhibit A, and the execution of all necessary documents associated with the sale and closing of the subject property. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF AVON that the Avon Town Council hereby as follows: 1. Approves that certain Contract to Buy and Sell Real Estate (Commercial), dated November 19, 2025, between the Town of Avon, as Buyer, and the Trusts referenced therein, as Seller, as amended, all of which is attached hereto as Exhibit A, which includes amending the purchase price and closing date and withdrawal of both the title and appraisal objections, and in connection therewith, the Council authorizes the acquisition of 91 Beaver Creek Place, Avon, Colorado 81620. 2. The Council additionally authorizes the Town Manager to execute all additional necessary documents associated with the purchase and closing of the subject property. ADOPTED February 10, 2026 by THE TOWN COUNCIL OF THE TOWN OF AV OF q By: � � Attest: -i L : TamWA N. Underwood, Mayor Miguel Jaure7/1asanueva, T n', er �ULOftP�?�' Resolution 26-01 Purchase and Acquisition of 91 Beaver Creek February 10, 2026 Page 1 of I