HomeMy WebLinkAbout630122.tiffL/ /
RESOLUTION
IN THE MATTER OF BOARD OF TRUSTNQJS FOR THE WELD COUNTY PUBLIC
HOSPITAL PURCHASING THREE APARTMENT HOUSES TO BE USED FOR
HOSPITAL PERSONNEL:
WHEREAS, the Board of Trustees for the Weld County Public
Hospital has determined that housing facilities for married
interns and other Hospital personnel are needed as an incentive
to interns and personnel to come to Greeley, and
WHEREAS, certain properties suitable for such housing are
available and located near the Weld County Hospital on the
corner of 17th Street and 19th Avenue, consisting of three
buildings, to -wit: One 7 room apartment house building and
two duplex apartment house buildings, and
WHEREAS, the Board of Trustees, deeming it advisable and
in the best interests of the Hospital and of the County, has
entered into a contract on July 9, 1963 with the seller for
purchase of said properties, including all the personalty
appurtenant thereto for the total purchase price of $140,000.00,
upon the following terms and conditions, to -wit: $10,000.00
on delivery of the Deed, and the balance of $130,000.00,
evidenced by Note and secured by First Deed of Trust, at six
(6) per cent per annum interest, payable in installments of
$931.40, on the first day of September, 1963, and a like amount
on the first day of each and every month thereafter, with
final payment of any balance then remaining due on August 1,
1983, as provided for in Note and Deed of Trust dated
August 1, 1963, and
WHEREAS, the $10,000.00 down payment, part of the purchase
price, has been returned and added to the Hospital fund and
will be used to purchase furniture and fixtures for said
630122
7n f3 3 '. -31,4
PRa 006
apartments, and the balance of $130,000.00 hereinbefore mentioned
will be amortized and paid from rentals over an estimated period
of twenty (20) years at no cost to the County, and
WHEREAS, close proximity of these properties to the Hospital
makes convenient and desirable housing for Hospital personnel
and, therefore, it is in the best interests of the Hospital
and the County to purchase said properties,
NOW THEREFORE BE IT RESOLVED, that the Board of County
Commissioners of Weld County, Colorado, hereby affirms and
ratifies the action of the Hospital Board of Trustees in the
purchase of the aforementioned apartment house buildings;
that record title to said real estate be in the name of the
County of Weld, State of Colorado, however, with the proviso
that there be created no obligation on the part of Weld County
to pay any of the balance of the purchase price presently
outstanding and payable as evidenced by copy of Note and
Deed of Trust attached hereto.
The above and foregoing Resolution was, on motion duly
made and seconded, adopted by the following vote:
AYES`4'lcal-/ifer.t
-�v
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
DATED: /per day of August, A. D. 1963.
-2-
3V till -t/
Hello