HomeMy WebLinkAbout11130RESOLUTION NO. 11130
A RESOLUTION APPROVING A PROFESSIONAL APPRAISAL SERVICES AGREEMENT
BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND THE T.O.
COMPANY FOR COMPLETION OF AN APPRAISAL OF THE MINNEQUA LAKE PROJECT
PROPERTY AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME
WHEREAS, the City of Pueblo entered into a grant agreement with Great Outdoors
Colorado to complete the Minnequa Lake Park and Open Space Project: and
WHEREAS, the scope of work for the project includes the completion of an updated
appraisal of the Minnequa Lake properties.
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1.
An Agreement dated October 22, 2007, a copy of which is attached hereto and made a
part hereof, after having been approved as to form by the City Attorney, by and between
Pueblo, a Municipal Corporation, and The T.O. Company is hereby approved.
SECTION 2
Funds for said professional services in the amount of $10,000.00 shall be paid from the
Minnequa Lake Acquisition Project Account No. ML0601.
SECTION 3.
The President of the City Council is hereby authorized to execute the said Agreement on
behalf of Pueblo, a Municipal Corporation, and the City Clerk shall affix the seal of the City
thereto and attest the same.
INTRODUCED
ATTESTED BY
APPROVED: a
ESID NTof City Council
CITY CLERK
October 22. 2007
Randy Thurston
Councilperson
Res. ({ l 3C
Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 5
DATE: OCTOBER 22, 2007
DEPARTMENT: JERRY M. PACHECO, ASSISTANT CITY MANAGER FOR
COMMUNITY DEVELOPMENT
TITLE
A RESOLUTION APPROVING A PROFESSIONAL APPRAISAL SERVICES
AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION,
AND THE T.O. COMPANY FOR COMPLETION OF AN APPRAISAL OF THE
MINNEQUA LAKE PROJECT PROPERTY AND AUTHORIZING THE PRESIDENT OF
CITY COUNCIL TO EXECUTE SAME
ISSUE
Should City Council approve a Professional Appraisal Services Agreement with T.O.
Company, for the completion of an appraisal report related to the Minnequa Lake Park
and Open Space Project?
Approval of Resolution
BACKGROUND
As part of the Minnequa Lake Park and Open Space Project, the City of Pueblo is
having an updated appraisal of the CF &I, Inc. property that is proposed to be included in
the property purchase as part of the project. The updated appraisal is being required by
Great Outdoors Colorado who will be providing grant funding to assist with the purchase
of the property. The proposal submitted by the T.O. Company is recommended for
approval by the Planning and Community Development Department.
FINANCIAL IMPACT
The funds in the amount of $10,000.00 to pay for the professional appraisal services
have been budgeted and appropriated as part of Ordinance No. 7502 and included
within the Minnequa Lake Acquisition Project Account No. MI-0601.