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TC Res. No. 1979-226 i RESOLUTION NO. 22 SERIES OF 1979 WHEREAS, the Town of Avon has executed a Sub- divider's Agreement with Wildridge Development Company which agreement provides for the Town of Avon to hold certain unsold parcels of land as collateral pending the completion of the installation of certain utilities and roads; and WHEREAS, it has come to the attention of both the Town of Avon and Wildridge Development Company that a plan involving certain specified lots will be more efficient and practical to administer than the plan outlined in the Sub- divider's Agreement; and WHEREAS, the Wildridge Development Company has specifically requested that the Town accept as collateral Lots 1-91, Block 4, Wildridge; and WHEREAS, the Town Council has satisfied itself that the value of the proposed collateral is sufficient to satisfy the purpose for which it is being held, NOW, THEREFORE BE IT HEREBY RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, THAT: The Subdivider's Agreement shall be amended to show as collateral Lots 1-91, Block 4, Wildridge or such other collateral as the Town and the Developer may agree to in the future. DATED THIS DAY OF OCTOBER, 1979. Mayo ATTEST: Town Clerk