| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Resolution No. 36, Series of 2022, a Resolution Approving the Purchase of the Residential Property Known as Vail Heights, Unit 10, Phase III, 2059 Chamonix Lane, Vail, Colorado 81657
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| | | | | | | | BACKGROUND: The availability of housing for its employees remains an ongoing need for the Town of Vail municipal government. As the fourth largest employer in Vail, the Town of Vail too is challenged by the need for housing for its workforce. As the FTE count for the Town grows so does it’s need to support housing for the employees. Over the years the Town has taken a wide range of approaches to addressing its employee housing needs, including “buying down” homes for purchase by Town of Vail employees.
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| | | | | | | | STAFF RECOMMENDATION: Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, the purchase of Vail Heights, Unit 10, 2059 Chamonix Lane, Vail, Colorado, in the amount of, and not to exceed, $548,000, plus closing costs.
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