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HomeMy WebLinkAbout08978RESOLUTION NO. 8978 A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, FOR THE RELEASE OF LAND (LOT 65) TO BE CONVEYED TO 515 ANIMAS, INC., AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, THAT: SECTION 1 An Agreement, a copy of which is attached hereto and made a part hereof by reference after having been approved as to form by the City Attorney, by and between the United States of America and the City of Pueblo, a Municipal Corporation, to establish a Special Airport Improvement Trust Fund in the amount of $111,000 being the appraised value and the proceeds of the sale of Lot 65 (10.22 acres of land) located at Pueblo Memorial Airport and sold to 515 Animas, Inc. SECTION 2 Within five years of the date of the Agreement, this sum will be expended for approved Airport development. It is understood and agreed that this amount will not be eligible as Owner Matching Funds for development under the Airport Improvement Program (AIP). SECTION 3 The President of the Council is hereby authorized to execute said Agreement on behalf of the City of Pueblo, a Municipal Corporation, and the City Clerk shall affix the Seal of the City thereto and attest the same. INTRODUCED ADri 1 10. 2000 BY Al Gurul e Councilperson ATTEST: ff 9 --".�\ 10'2 APPRO ED: President of City Council Council Agenda RESOLUTION APPROVING AN AGREEMENT BETWEEN THE UNITED STATES OF AMERICA TITLE: AND THE CITY OF PUEBLO FOR RELEASE OF LAND TO 515 ANIMAS, INC. AGENDA ITEM # DEPARTMENT: PUEBLO MEMORIAL AIRPORT DATE: APRIL 10, 2000 ISSUE Agreement from the United States of America for the transfer of property by Deed of Release to the City of Pueblo for sale to 515 Animas, Inc. RECOMMENDATION Approval of the Agreement. BACKGROUND A resolution was passed on March 27, 2000, approving an agreement between the City of Pueblo and McCallin Diversified Industries, Inc. and 515 Animas relating to the transfer of land (Lot 65) at the Pueblo Memorial Airport (Resolution No. 8953). This agreement with the United States is for the same land. After this agreement is signed and returned to the FAA, the Deed of Release can be approved. FINANCIAL IMPACT A Special Airport Improvement Trust Fund in the amount of $111,000, (which is the appraised value of the land) and the proceeds of the sale of Lot 65 (10.22 acres of land) to 515 Animas, Inc., is to be established. Within five years of the date of the Agreement, this sum will be expended for approved Airport Development.