HomeMy WebLinkAbout10859RESOLUTION NO. 10859
A RESOLUTION APPROVING A CONTRACT TO BUY AND SELL REAL ESTATE BETWEEN
PUEBLO, A MUNICIPAL CORPORATION AND AQUILA, INC., A DELAWARE CORPORATION
RELATING TO LAND AT THE PUEBLO MEMORIAL AIRPORT INDUSTRIAL PARK AND
AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE IN THE NAME OF THE
CITY THE CONTRACT TO BUY AND SELL REAL ESTATE AND WARRANTY DEED
CONVEYING SUCH LAND
WHEREAS, William White Blvd. near the west end of the Airport is to be relocated to the
south of its existing location because of Pueblo County's Defense Access Road project; and
WHEREAS, the relocation will leave a 29,573 sq. ft. sliver of land between the lot occupied
by Aquila, Inc. and the realigned road; and
WHEREAS, Aquila, Inc. has agreed to purchase this land and the City is willing to sell the
land to Aquila, Inc.; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The Contract to Buy and Sell Real Estate dated November 13, 2006 between Pueblo, a
Municipal Corporation and Aquila, Inc., a Delaware Corporation and attached Warranty Deed
relating to land at the Pueblo Memorial Airport Industrial Park, copies of which are attached hereto,
having been approved as to form by the City Attorney, are hereby approved.
SECTION 2.
The President of the City Council is authorized to execute and deliver the Contract to Buy
and Sell Real Estate and attached Warranty Deed in the name of the City and the City Clerk is
directed to affix the seal of the City thereto and attest same.
INTRODUCED November 13, 2006
BY Randy Thurston
Councilperson
APPROVED:
President of Cit Council
ATTESTED BY:
CITY CLERK
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Background Paper for Proposed
RESOLUTION
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AGENDA ITEM # lc;l
DATE: November 13, 2006
DEPARTMENT: AVIATION - DANIEL E. CENTA, P.E.
TITLE
A RESOLUTION APPROVING A CONTRACT TO BUY AND SELL REAL ESTATE
BETWEEN PUEBLO, A MUNICIPAL CORPORATION AND AQUILA, INC., A
DELAWARE CORPORATION RELATING TO LAND AT THE PUEBLO
MEMORIAL AIRPORT INDUSTRIAL PARK AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE IN THE NAME OF THE CITY
THE CONTRACT TO BUY AND SELL REAL ESTATE AND WARRANTY DEED
CONVEYING SUCH LAND
ISSUE
Should City Council approve a Contract to Buy and Sell Real Estate for land at the
Pueblo Memorial Airport Industrial Park between the City and Aquila.
RECOMMENDATION
Approval of this Resolution.
BACKGROUND
As part of Pueblo County's Defense Access Road project, William White Blvd. near the
west end of the Airport is to be relocated to the south of its existing location. This
relocation will leave a 29,573 sq. ft. sliver of land between Aquila's existing lot and the
new road. Aquila has agreed to purchase this land at the appraised value.
FINANCIAL IMPACT
The property will be purchased at $0.42 per square foot for a total of $12,420.66.