HomeMy WebLinkAboutTC Res 1991-04-03 (3)
RESOLUTION NO. 2775
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN
OF TIBURON AUTHORIZING PURCHASE OF ONE BEDROOM
CONDOMINIUM UNIT AT POINT TIBURON (14 MARSH ROAD)
WHEREAS, the Town of Tiburon has adopted an affordable housing program
in its Housing Element of the General Plan, and
WHEREAS, the deed restrictions recorded in conjunction with the Point
Tiburon Below Market Rate (BMR) units provides an option to the Town of Tiburon
to purchase said units when they become available, and
WHEREAS, the Marin Housing Authority presently administers the BMR
units on behalf of the Town of Tiburon, and has notified the Town that 14 Marsh
Road has been offered for sale, and
WHEREAS, the purchase price is $77,800 and the estimated closing costs are
$2,500; the total cost to be funded from the Town's in-lieu Housing Restricted Funds
for $80,300,
NOW, THEREFORE, BE IT RESOLVED that the Town Council does hereby
approve the purchase of the Below Market Rate Unit at 14 Marsh Road, located in
Point Tiburon, and
BE IT FURTHER RESOLVED that the Town Manager is authorized to
execute the appropriate sales documents to complete this purchase.
PASSED AND ADOPTED at a regular meeting of the Town Council of the
Town of Tiburon on April 3, 1991, by the following vote:
AYES:
COUNCILMEMBERS:
Friedman, Coxhead, Thayer, Kuhn,
Logan
None
None
NOES:
ABSENT:
COUNCILMEMBERS:
COUNCILMEMBERS:
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PETER B. LOGAN, MAYOR
Town of Tiburon
ATTEST:
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THERESE M. HENNESSY, WN CLERK