Item Coversheet

VAIL TOWN COUNCIL AGENDA MEMO

ITEM/TOPIC:   Resolution No. 16, Series of 2019 a Resolution to Release a Deed Restriction Located at 2642 Kinnikinnick Court  pursuant to the terms of the Settlement Agreement, October 18, 1996, Reception No. 607578 and the Type II Employee Housing Unit Restrictive Covenant, November 18, 1996, Reception No. 607579.

BACKGROUND:   The owner of a deed-restriction located at 2642 Kinnikinnick Court requested to release their restriction in accordance with  Type II Employee Housing Unit Restrictive Covenant recorded November 18, 1996, Reception No. 607579 section 7. Staff will record the approved mutual release upon "verification that the EHU use has been terminated and has been merged into the Primary Unit, and is no longer capable of being separately leased."

ATTACHMENTS:
Description
Resolution No. 16, Series of 2019 and Mutual Release