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 w , APPROVED: resident of City Council ATTEST: City C