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Home My WebLink About770503 RESOLUTION RE: AUTHORIZATION TO SIGN AN ADDENDUM TO OPTION AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE BETWEEN WELD COUNTY AND C. RICHARD MC COY. WHEREAS , the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, and WHEREAS, a Notice to Show Cause was issued by the Weld County Attorney to C. Richard McCoy, to be present at the August 3, 1977 regularly scheduled meeting of the Board of County Commissioners of Weld County, Colorado, to show cause why said C. Richard McCoy has not complied with certain terms and conditions involving the sale of real estate, more particulary described as follows : Lots 1, 2 , 3, 4 and 5 inclusive, Cranford Subdivision, Block 162 , City of Greeley, Weld County, Colorado, and WHEREAS , C. Richard McCoy was present at the August 3, 1977 regularly scheduled meeting of the Board of County Commissioners , and WHEREAS, after careful consideration of Mr. McCoy ' s state- ments, the Board of County Commissioners of Weld County, deter- mined that it would be in the best interest of Weld County that the hazard insurance covering fire and extended coverage on the above-mentioned real estate, be carried by the seller, as more fully set forth in the Addendum to Option Agreement for Sale and Purchase of Real Estate, a copy of which is attached hereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Com- missioners of Weld County, Colorado, that paragraph number 8 of the Option Agreement dated June 13, 1977, which was signed by both the seller and purchaser, be, and hereby is , deleated, and in lieu thereof, an Addendum to Option Agreement shall be signed by both parties. S '�` t' 77050 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 3rd day of August, A.D. , 1977. BOARD OF COUNTY COMMISSIONERS WahICOUNTY, COLD DO JGY� ,'/E't1i J/(No) `7}1Qu� � fat/i^.. eLr✓ 4u�AtiCX lug (No) ATTEST: U Weld County Clerk and Recorder and Clerk to the Board- Deputy County Clkrk APPROV D AS TO 4: County Attorney Date Presented: August 31 , 1977 -2- ADDENDUM TO OPTION AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE Dated June 13, 1977 Between WELD COUNTY, A Quasi-Municipal Corporation of the State of Colorado, as Seller, and C. RICHARD MC COY, as Purchaser. THIS ADDENDUM, made and entered into this 3rd day of August, 1977 , by and between WELD COUNTY, A QUASI-MUNICIPAL CORPORATION OF THE STATE OF COLORADO, as Seller, and C. RICHARD MC COY, as Purchaser. WITNESSETH: WHEREAS , heretofore, the parties have executed an Option to Purchase Real Estate Agreement pertaining to the premises described as follows: Lots 1, 2, 3, 4 and 5 inclusive, Cranford Subdivision, Block 162, City of Greeley, Weld County, Colorado, and the parties hereto desire to amend and supplement the terms and conditions of said Option Agreement with the intention that the stipulations herein contained will be considered as part of the original Agreement, and as if contained in the document above described. NOW, THEREFORE, in consideration of the mutual promises and covenants of the parties as are contained in said Option Agreement, and are contained herein, it is understood and agreed as follows: Paragraph 8 of said Option Agreement is hereby deleted and in lieu thereof, the following language is substi- tuted to-wit: Hazard insurance covering fire and extended coverage on said property shall be carried by the Seller, pro- viding coverage in the sum of $186 , 000 on the improve- ments located on the property covered by this agreement. The Seller shall be the insured and shall be entitled to all proceeds for any loss sustained prior to closing. Purchaser shall reimburse Seller for the cost of said insurance within ten (10) days of notice of the cost of said insurance coverage. In the event that the improve- ments located on the property covered by this agreement, shall be materially changed or altered due to fire, natural disaster, civil disorder or by any other cause , then and in that event, either party to this Agreement shall have the option to declare this Agreement null and void. In all other respects, the terms, conditions and stipulations contained in said Option Agreement, are hereby ratified and con- firmed. IN WITNESS WHEREOF, said Seller and Purchaser have hereunto caused this Addendum to be duly executed in duplicate original, on the day and year first above written. SELLER: BOARD OF COUNTY COMMISSIONERS wpu, COUNTY, COLORADO /./( 4t',' .A 4-) / -."7-&-,-/ v e ( -. /,;y />-Y --' cL r_ 14.,,,i, Q 1 I) ATTEST: , i 'L UAW. t k.t�,1! `! '„gip Weld County Clerk and Recorder and Clerk to the Board/- By: ;' u--‘, —, ` _L., , i A_( 7 , -v, Deputy County Clek APPOV D AS TO egg . County Attorney PURCHASER: 7� i c' C. Richard McCoy 11931 West 58th Avenue Arvada, Colorado 80002 303-424-9325 -2- from the office of Greeley, Colorado THE BOARD OF COUNTY CL .MISSIONERS August 15, 1977 WELD COUNTY, COLORADO C. Richard McCoy Dear Mr. McCoy, Enclosed please find an original and a copy of the addendum to the option agreement on the Old County Nursing Home. Please sign and return both sets to this office at your earliest convenience. After the addendum is excuted by the Commissioners we will return the copy to you. Please return them to the Office of the Clerk to the Board, P. 0. Box 758, Greeley, Colorado, 80631. Thank you. THE BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO MARY ANN FEUERSTEIN COUNTY CLERK & RECORDER AND CLERK TO THE BOARD By: _ . C:9O i,�l� P�� Deputy Co<inty lerk w� .. 4 `Y' 4. M S f'+l� I /� �1 t"Yi'(1 1. ✓ M1^. 'k ti� '' e �cq� # ,. .r ".:r�, '� YA7 +,. r ;� aT ,*. c , •Mt! � § *} '�,• � ' .vM v " ., ..k .: "°" ti.6"at"i�i�r�1Ma' : 'tt ;.. .. y 'M ,.,?`� t ^.'.f' tc August 2, 1977 Mr. Elden J. Hallingstad ARA for Housing, HUD Executive Towers Building 1405 Curtis Street Denver, CO 80202 Attention: Keith Sutton Re: CO 99-H001-025 I am the holder of the referenced preliminary proposal. As per conversations with your staff, this proposal was not approved last year because of the projected marketing of previously approved Section 8 programs. I would now like to have this proposal considered in response to your current N.O. F. A. No. CO 99-0037. I hereby certify that the proposal to be considered remains identical to the previous proposal CO 99-H001-025 with the following exception: new rents. Sincerely yours,ease - x C. Richard McCoy CRM:jib Hello