HomeMy WebLinkAbout8470RESOLUTION NO. 8470 1 "
A RESOLUTION ACCEPTING CERTAIN BIDS AND
APPROVING THE SALE OF SURPLUS LOTS PREVIOUSLY
DECLARED SURPLUS TO THE CITY'S NEEDS
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1.
The Council hereby determines and authorizes that the properties declared "surplus" to
the City's needs by Resolution Nos. 8374 and 8375 be sold to the sole and only bidders by Bid
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SECTION 2.
The President of the City Council is hereby authorized to execute, and the City Clerk to
attest, a Quit Claim Deed for conveyance of property from city ownership to those sole and only
bidders.
ATTEST:
City Cler
INTRODUCED: July 27 , 1998
By John Verna
Councilperson
APPROVED:
President of tholity Council
IU. .o #8 q70
COUNCILAGENDA kayd 7 z7 �
A RESOLUTION ACCEPTING CERTAIN BIDS
Title: AND APPROVING THE SALE OF SURPLUS
LOTS PREVIOUSLY DECLARED SURPLUS TO Agenda Item #
THE CITY'S NEEDS
Department: Housing & Community Development Date: July 27, 1998
COUNCIL BACKGROUND PAPER
I. SUMMARY
A. Issue:
A Resolution declaring City -owned vacant lots as surplus property to the City
and authorizing the sale of the lots to the sole and only bidders.
B. Recommendation:
Approve the resolution declaring the vacant lots as surplus property and transfer by Quit
Claim Deed the properties from city ownership.
II. BACKGROUND
The City of Pueblo declared by Resolutions #8374 and #8375 certain lots as surplus and
advertised for bids to the public. (Please see attached Resolutions.) There were only single bids
received on the individual lots by interested parties. Rather than have the lots remain under the
ownership of the City, it is recommended that the lots be sold and ownership be transferred to
private parties for the amount of the bid.
III. FINANCIAL IMPACT
The city will receive the amount of the bid as indicated on the attached Bid Summary (Bid No.
98 -026).
IV. ALTERNATIVES
A. The City could elect not to declare the property surplus and leave it on the excess
property list.
B. The City could seek some other means of disposal of the property.
PUEBLO