AHA Resolution No. 04-01 BRAHC AmendTOWN OF AVON HOUSING AUTHORITY
RESOLUTION 04-01
SERIES OF 2004
A RESOLUTION AUTHORIZING SECOND AMENDMENT TO AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF BUFFALO RIDGE II
LLLP
WHEREAS, by Resolution No. 02-01 of the Town of Avon Housing Authority, the Town of Avon, acting as the Town of Avon Housing Authority (“the Authority”), agreed to be admitted
to, and serve as a limited partner of, Buffalo Ridge II LLLP (“the Limited Partnership”) in order to exempt the Buffalo Ridge Apartments from real property taxation pursuant to and in
accordance with the provisions of C.R.S. §§ 29-4-226 and 29-4-227; and
WHEREAS, the Limited Partnership has requested that the Authority agree to an amendment to the limited partnership
agreement which will permit its future amendment without the consent of the Authority so long as the amendment does not affect its rights or obligations under the Agreement, in the judgment
of the General Partner and Investment Partner;
NOW, THEREFORE, BE IT RESOLVED:
1. The SECOND AMENDMENT TO AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF BUFFALO RIDGE
II LLLP, A COLORADO LIMITED LIABILITY LIMITED PARTNERSHIP, a copy of which is filed with the minutes of this meeting, is hereby authorized.
2. All action heretofore taken by the
officers of the Town of Avon on behalf of the Avon Housing Authority relating to Buffalo Ridge II LLLP limited liability limited partnership and the agreements affecting the same is
hereby ratified, approved and confirmed.
ADOPTED at a regular meeting of the Town Council of the Town of Avon the 14th day of December, 2004.
_____________________________
Rona
ld C. Wolfe, Mayor
ATTEST:
____________________________
Patty McKenny, Town Clerk