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HomeMy WebLinkAbout09629RESOLUTION NO. 9629 A RESOLUTION APPROVING AND ACCEPTING A WARRANTY DEED CONVEYING REAL PROPERTY TO THE CITY OF PUEBLO AND AUTHORIZING PAYMENT THEREFOR BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Warranty Deed from Glen E. Pullin conveying the real property described therein, a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved and accepted. The purchase of the land described in the attached Warranty Deed for $250.00 is approved and authorized. SECTION 2. Funds in the amount of $250.00 are transferred from account No. 101 - 8040 - 480.81 -98 forthe purchase of the real property. The City Clerk shall upon due execution and acknowledgment of the Warranty Deed by Glen E. Pullin record same in the records of the Pueblo County Clerk and Recorder. INTRODUCED: JUNE 24, 2002 BY: Al Gurule COUNCILPERSON APPROVED: PRESIDENT OF THE CITY COUNCIL ATTESTED BY: P - _ CITY CLERK ID ' _ E Background Paper for Proposed RESOLUTION AGENDA ITEM # S DATE: June 24, 2002 DEPARTMENT: CITY MANAGER'S OFFICE LEE R. EVETT, CITY MANAGER DAVID J. GALLI, DEPUTY CITY MANAGER TITLE A RESOLUTION APPROVING AND ACCEPTING A WARRANTY DEED CONVEYING REAL PROPERTY TO THE CITY OF PUEBLO AND AUTHORIZING PAYMENT THEREFOR BACKGROUND Glen Pullin approached the City of Pueblo to see if there was an interest in purchasing his one - sixteenth interest in lots 3 and 4, Block 35 Irving Park. The City of Pueblo owns the remaining fifteenth- sixteenths interest in the same two lots. Total ownership by the City would provide a home building site that is not now available. The current situation of the shared interests in the two lots prevents usage or development. RECOMMENDATION Approval of the resolution. FINANCIAL IMPACT If the City can acquire the remaining interest in these lots, it could sell the lots for Residential use or place them into our Vacant Lot Recycle Program. The repurchase by a future buyer would place these lots on the list of assessed properties for taxation. The same action would eliminate the City's responsibility for upkeep of the vacant lots. The City has offered two hundred fifty dollars for the acquisition of the remaining one - sixteenth interest in the two lots and shall be paid from the non - departmental "out of cycle funding" account. Resolution No. 9629 WARRANTY DEED THIS DEED, dated June 24 2002 between Glen E. Pullin of the * County of Pueblo and State of , grantor, and Pueblo, a Municipal x corporation duly organized and existing under and by virtue of the laws of the State of Colorado , grantee, whose legal address is 1 City Hall Place, Pueblo, Colorado, 81003 WITNESS, that the grantor, for and in consideration of the sum of Ten Dollars and Other Good and Valuable Consideration 00=50K the receipt and sufficiency of which is hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant, bargain, sell, convey and confirm unto the grantee, its successors and assigns forever, all the real property, together with improvements, if any, situate, lying and being in the County of Pueblo and State of Colorado, described as follows: One sixteenth (1/16) interest in Lots 3 and 4, Block 36, Irving Park Documentary Fee - none, consideration less than $500.00; exempt also known by street and number as: unimproved land assessor's schedule or parcel number. 523327002 TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining, the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the grantor, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances; TO HAVE AND TO HOLD the said premises above bargained and described, with the appurtenances, unto the grantee, its successors and assigns forever. The grantor, for himself, his heirs and personal representatives, does covenant, grant, bargain, and agree to and with the grantee, its successors and assigns, that at the time of the ensealing and delivery of these presents, he is well seized of the premises above conveyed, has good, sure, perfect, absolute and indefeasible estate of inheritance, in law, in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and convey the same in manner and form as aforesaid, and that the same are free and clear from all former and other grants, bargains, sales, liens, taxes, assessments, encumbrances and restrictions of whatever kind or nature soever, except rights -of -way, easements, conditions, reservations and restrictions of record and general property taxes for the year 2002 and subse- quent years. The grantor shall and will WARRANT AND FOREVER DEFEND the above bargained premises in the quiet and peaceable possession of the grantee, its successors and assigns, against all and every person or persons lawfully claiming the whole or any part thereof. The singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, the grantor has executed this deed on the date set forth above. Glen E. Pullin STATE OF COLORADO county of Pueblo The foregoing instrument was acknowledged before me this day of ," Wo July by Glen E. Pullin. Witness my hand and official seal. My commission expires: *If in Denver, insert "City and ". 2002 Notary Public Name and Address of Person Creating Newly Created Legal Description (§ 38- 35- 106.5, C.R.S.) 1 No. 952. Rev. 3-98. WARRANTY DEED (to Corporation) Bradford Publishing, 1743 Wazee St., Denver, CO 80202 — (303) 292 -2500 — www.bradfordpublishing.com — 3 -02