HomeMy WebLinkAbout7833RESOLUTION NO. 7833
A RESOLUTION APPROVING THE ACQUISITION OF REAL
PROPERTY IN CONNECTION WITH A JOB CREATING
CAPITAL IMPROVEMENT PROJECT AND AUTHORIZING
THE EXPENDITURE OF $600,000 THEREFOR FROM THE
1992 -2001 SALES AND USE TAX CAPITAL IMPROVEMENT
PROJECTS FUND
WHEREAS, the Pueblo Economic Development Corporation has submitted to the City an
application for funding for the purchase of real property in connection with a job creating capital
improvement project within the City, and
WHEREAS, the City Council is willing to approve such application for funds upon the terms
and conditions set forth herein, NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City Council does hereby find and determine that Pueblo Economic Development
Corporation's application for funds meets and complies with the criteria and standards established
by Ordinance No. 5742 and will create employment opportunities justifying the expenditure of
public funds.
SECTION 2.
Funds in an amount not to exceed $600,000 plus the reasonable costs of closing, including
title insurance, are hereby authorized and appropriated to be expended and made available out of the
1992 -2001 Sales And Use Tax Capital Improvement Projects Fund for the purpose of acquiring in
the name of the City marketable title to the property described in the attached Exhibit "A" free from
liens and encumbrances (the "Property ").
SECTION 3.
The acquisition by warranty deed of marketable title to the Property by the City is hereby
approved and the appropriate officers of the City are authorized to execute any and all documents
necessary and required for such acquisition.
SECTION 4.
This Resolution shall become effective nunc pro tunc January 31, 1996.
INTRODUCED March 25, 1996
By Charles Jones
Councilperson
ATTEST: APPROVED:
City Cler , Preside n of the City Council
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EXHIBIT "A"
Lot 13 and South half of Lots 14, 15 and 16, Block 32, in the Town, now
City of Pueblo, according to the plan of Pueblo made for the Probate
Judge of said Pueblo County by H. M. Fosdick, Engineer; also that portion
of the North 10 feet in width of Second Street adjoining said Lot 13 and
said South half of Lots 14, 15 and 16, County of Pueblo, State of
Colorado
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The East 26 feet of Lot 10 and the West 20 feet of Lot 11, Block 32, in
the Town, now City of Pueblo, according to the plan of Pueblo as surveyed
and platted for the Probate Judge of said Pueblo County by H. M. Fosdick,
Engineer;
Also that portion of the Northerly 10 feet in width of Second Street
adjoining said East 26 feet of Lot 10 and the West 20 Feet of Lot 11 on
the South;
All of Lot 12 and the East 24 feet of Lot 11, Block 32 in the Town, now
City of Pueblo, as surveyed by H. M. Fosdick, Engineer, for the Probate
Judge of said County, TOGETHER WITH a strip of land 10 feet in width,
lying immediately South of and contiguous to the South end of said Lot 12
and the East 24 feet of Lot 11; said 10 foot strip being 10 feet in width
off the North side of Second Street in said former Town, now City of
Pueblo; which strip was vacated and discontinued and attached to the lots
adjoining thereto by an Act of the Council and House of Representatives
of Colorado Territory, entitled "An Act to Change Certain Streets and
Alleys in the Town of Pueblo ", approved February 8th, A.D. 1870, County
of Pueblo, State of Colorado.