HomeMy WebLinkAbout09663RESOLUTION NO. 9663
A RESOLUTION APPROVING A PURCHASE AND SALE AGREEMENT BETWEEN THE CITY
OF PUEBLO, A MUNICIPAL CORPORATION, AS BUYER AND WINDSOR INDUSTRIES, INC.,
AS SELLER RELATING TO THE SALE AND PURCHASE OF LOT 38, PUEBLO MEMORIAL
INDUSTRIAL PARK, PUEBLO COUNTY, COLORADO, AUTHORIZING THE PRESIDENT OF
THE CITY COUNCIL TO EXECUTE SAME, AND TRANSFERRING $660,000 FROM THE 1992-
2006 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND FOR THE
PURCHASE OF THE PROPERTY
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1.
The City Council finds and determines that the expenditure of $660,000 for the purchase of
Lot 38, Pueblo Memorial Industrial Park and improvements thereon (the "Property ") in conjunction
with the job creating capital improvement project meets and complies with the criteria and
standards established by Ordinance No. 6381.
SECTION 2
The Purchase and Sale Agreement between the City of Pueblo, a municipal corporation, as
Buyer and Windsor Industries, Inc., as Seller relating to the purchase of the Property, a copy of
which is attached hereto, having been approved as to form by the City Attorney, is hereby
approved. The President of the City Council is authorized to execute and deliver the Purchase and
Sale Agreement in the name of the City.
SECTION 3
Funds in an amount not to exceed $660,000.00 are hereby transferred from the 1992 -2006
Sales and Use Tax Capital Improvements Fund and authorized to be expended for the purchase of
the Property described in the attached Purchase and Sale Agreement and expenses associated
with such purchase.
SECTION 4
This Resolution shall become effective upon final passage.
INTRODUCED August 12, 2002
BY AI Gurule
Councilperson
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APPROVED:
resident of City Council
ATTEST:
City C