| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Resolution No. 12, Series of 2022, A Resolution Approving the Purchase of the Residential Property known as Pitkin Creek Condominiums, Unit P-5, 3931 Bighorn Road, Vail, Colorado.
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Approve, approve with amendments, or deny Resolution No. 12, Series 2022.
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| | | | | | | | BACKGROUND: The availability of housing remains an ongoing challenge for year-round and seasonal Vail residents. The Pitkin Creek Condominiums home will be used to provide homeownership opportunities for a Town of Vail employee or a person employed by a business located within the Town of Vail. The cost to purchase this home is $560,000.
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| | | | | | | | STAFF RECOMMENDATION: The Housing Department recommends the Vail Town Council approves Resolution No. 12, Series of 2022, as presented.
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