HomeMy WebLinkAbout11836RESOLUTION NO. 11836
A RESOLUTION APPROVING A CONTRACT TO BUY AND
SELL REAL ESTATE BETWEEN PUEBLO, A MUNICIPAL
CORPORATION AND THE URBAN RENEWAL
AUTHORITY OF PUEBLO, COLORADO RELATING TO
LOT 4, BLOCK 1, HISTORIC ARKANSAS RIVERWALK
PROJECT, FILING ONE, AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
The Contract To Buy and Sell Real Estate dated March 22, 2010 between
Pueblo, A Municipal Corporation and The Urban Renewal Authority of Pueblo, Colorado
and the Special Warranty Deed relating to Lot 4, Block 1, Historic Arkansas Riverwalk
Project, Filing One, Pueblo County, Colorado, 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 and Special Warranty Deed in the name of the City and the City Clerk is
authorized and directed to affix the seal of the City thereto and attest same.
INTRODUCED: March 22, 2010
BY: Vera Ortegon
COUNCILPERSON
APPROVED:
FtE51DENT CF CITY CC) UNCIL
ATTESTED BY:
GIB' Y CLERK
D D
�I D
Background Paper for Proposed
RESOLUTION
DATE: March 22, 2010 AGENDA ITEM # M-4
DEPARTMENT: Law Department
Thomas J. Florczak, Interim City Attorney
TITLE
A RESOLUTION APPROVING A CONTRACT TO BUY AND SELL REAL ESTATE
BETWEEN PUEBLO, A MUNICIPAL CORPORATION AND THE URBAN RENEWAL
AUTHORITY OF PUEBLO, COLORADO RELATING TO LOT 4, BLOCK 1, HISTORIC
ARKANSAS RIVERWALK PROJECT, FILING ONE, AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
ISSUE
Should City Council approve the sale of Lot 4, Block 1, Historic Arkansas Riverwalk
Project, Filing One to the Urban Renewal Authority?
Approve the sale.
BACKGROUND
Lot 4, Block 1, Historic Arkansas Riverwalk Project, Filing One, ( "Lot ") is proposed to
be sold to the Urban Renewal Authority for a purchase price of $130,000. The
purchase price when paid will be deposited in the private land sale fund established by
the Intergovernmental Agreement creating the HARP Authority to be used for
development and maintenance of HARP as determined by the City Council.
The purchase price will be paid by the Urban Renewal Authority in cash or certified
funds at closing.
The Lot will be developed pursuant to development plans approved by the HARP
Authority and a redevelopment agreement between the Urban Renewal Authority and a
developer selected by Urban Renewal Authority, Lot 4, LLC.
FINANCIAL IMPACT
See Background.
h
CONTRACT TO BUY AND SELL REAL ESTATE
THIS CONTRACT entered into as of March 22 2010 between City of Pueblo, a Municipal
Corporation (the "Seller ") and the Urban Renewal Authority of Pueblo, Colorado, a body corporate
and politic of the State of Colorado (the "Buyer "), WITNESSETH:
Recitals
forth.
A. Seller is the owner of certain land located in Pueblo County, Colorado.
B. Buyer is desirous of purchasing the land from Seller.
C. Seller is willing to sell the land to Buyer upon the terms and conditions hereinafter set
Agreement
NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual covenants
contained herein, Seller and Buyer agree as follows:
1. Pro e . Seller agrees to sell and Buyer agrees to purchase the unimproved land
legally described as Lot 4, Block 1, Historic Arkansas Riverwalk Project, Filing One, City of Pueblo,
County of Pueblo, State of Colorado (the "Property") on the terms and conditions set forth in this
Contract.
2. Purchase Price and Terms The purchase price of the Property shall be $130,000.00
and shall be paid in good funds on Closing Date contemporaneously with Buyer's receipt of the
Special Warranty Deed described in paragraph 6 hereof.
3. Evidence of Title Buyer shall at its expense obtain title insurance and satisfy itselfas
to the condition of title to the Property. If Buyer is not satisfied with the condition of title, Buyer
may terminate this Contract by written notice given to Seller within thirty (30) days from date hereof.
4. Inspection Buyer or any designee, shall have the right to have inspection of the
physical condition of the Property at Buyer's expense. Buyer is responsible for and shall pay for any
damage which occurs to the Property as a result of such inspection. If Buyer is not satisfied with the
physical condition of the Property, Buyer may terminate this Contract by written notice given to
Seller within thirty (30) days from date hereof.
5. Date of Closing Closing shall take place within forty -five (45) days after the date of
this Contract. The date of Closing and the hour and place of Closing shall be as designated by Seller
( "Closing Date ").
6. Transfer of Title Subject to payment of the Purchase Price, and compliance by Buyer
with the other terms and provisions hereof, Seller shall execute and deliver to Buyer the Special
Warranty Deed attached hereto conveying title to the Property to Buyer subject to the restrictions,
reservations, covenants, easements, and conditions contained in the Special Warranty Deed.
Condition of the Property Buyer warrants, agrees and acknowledges that:
(a) Other than the warranty of title contained in the Special Warranty Deed, Seller
has not made and hereby disclaims any warranty or representation, express or implied, with respect
to the Property or any aspect, portion or component of the Property, including, but not limited to: (i)
the condition, nature, quantity, or quality of the Property, including, but not limited to, the quality of
soils on or under the Property; (ii) the fitness of the Property for any particular use; (iii) the presence
or suspected presence of hazardous materials on, in, under or about the Property; (iv) the financial
benefits, income, expenses, profits or losses to be achieved, derived or incurred as a result of the
ownership, operation, leasing, renovating, or management of the Property; or (v) compliance with
existing or proposed governmental laws or regulations applicable to the Property, or the further
development or changing use thereof, including environmental laws and laws or regulations relating
to zoning, land use, subdivision or buildings, or the existence of any approvals or authorizations of
any kind or nature of or from any governmental authority.
(b) In entering into this Contract, Buyer has not relied on any representation,
statement, or warranty of Seller, other than the warranty of title contained in the Special Warranty
Deed, or anyone acting for or on behalf of Seller, and all matters concerning the Property have been
or will be independently verified by Buyer. If Buyer purchases the Property, Buyer agrees that it
shall have relied entirely on its own investigation, examination and inspection of the Property and all
matters pertaining thereto; Buyer is purchasing the Property "AS IS, WHERE IS" "WITH ALL ITS
FAULTS" in its condition on the Closing Date.
8. Closing Costs, Documents and Services Buyer and Seller shall sign and complete all
customary or required documents at or before Closing. Fees for real estate closing services, if any,
shall be paid at Closing by Buyer.
9. Prorations General taxes for the year of Closing, if any, based on the taxes for the
calendar year immediately preceding Closing, assessments, water, sewer, utility charges and other
usual and customary items shall be prorated to date of Closing.
10. Possession Possession of the Property shall be delivered "AS IS, WHERE IS, WITH
ALL ITS FAULTS" to Buyer by Seller on Closing Date.
11. Time of Essence/Remedies Time is of the essence hereof. If any obligation is not
performed there shall be the following remedies:
(a) If Buyer is in Default Seller shall have the right to specific performance but
not to damages.
(b) If Seller is in Default Buyer shall have the right to specific performance but
not to damages.
(c) Costs and Expenses Anything to the contrary herein notwithstanding, in the
—2—
event of litigation arising out of this Contract, the court shall award to the prevailing party all
reasonable costs and expenses, including attorney fees. Venue and jurisdiction for any such
litigation shall exclusively be in the Colorado District Court for Pueblo County, Colorado.
12. Representations and Warranties of Seller The Seller represents and warrants to
Buyer as follows:
(a) Seller has full power, capacity and authority to execute and deliver this
Contract and all other documents required to be executed and delivered by Seller under this Contract
and to perform its obligations hereunder.
(b) This Contract has been, duly authorized, executed and delivered by Seller and
constitutes, the legal, valid and binding obligations of Seller, enforceable against Seller in
accordance with its terms.
13. Representations and Warranties of Buyer Buyer represents, warrants and covenants
as follows:
(a) Buyer has full power, capacity and authority to execute and deliver this
Contract and all other documents required to be executed and delivered by Buyer under this Contract
and to perform its obligations hereunder.
(b) This Contract has been duly authorized, executed and delivered by Buyer and
constitutes the legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance
with its terms.
14. Notices Any notice required or permitted to be given or delivered under this
Contract shall be in writing and shall be given:
(a) If to Seller, by personal delivery, or by the United States Postal Service, by
registered or certified mail, postage prepaid, addressed to:
City Manager
City of Pueblo
1 City Hall Place
Pueblo, Colorado 81003
(b) If to Buyer, by personal delivery, or by the United States Postal Service, by
registered or certified mail, postage prepaid, addressed to:
—3—
Urban Renewal Authority of Pueblo, Colorado
211 E. "D" Street
Pueblo, Colorado 81003
Attention: Mike Tedesco
, or to such other address or person as any parry may from time to time specify in a writing delivered
to the other parry in the manner provided in this paragraph. Notices given hereunder shall be deemed
given, in the case of personal delivery, on the date delivered, in the case of delivery by mail, on the
second business day after delivery to the United States Postal Service.
15. Assignment This Contract shall not be assignable by Buyer without Seller's City
Council's prior written consent which may be arbitrarily withheld. Except as so restricted, this
Contract shall inure to the benefit of and be binding upon the parties and their respective successors
and assigns.
16. Modification No subsequent modification of any of the terms of this Contract shall
be valid or binding upon the parties or enforceable unless made in writing and signed by the parties.
17. Entire Contract This Contract constitutes the entire contract and agreement between
the parties relating to the subject matter hereof, and any prior statements, representations or
agreements pertaining thereto, whether oral or written, have been merged and integrated into this
Contract.
18. Captions The captions in this Contract are inserted for convenience of reference
only and in no way define, describe or limit the scope or intent of this Contract or any of the
provisions hereof.
19. Validi . If any provision of this Contract shall be held to be invalid or
unenforceable, the same shall not affect in any respect whatsoever the validity or enforceability of
the remainder of this Contract.
20. Applicable Law This Contract will be construed and enforced in accordance with the
laws of the State of Colorado (without giving effect to its choice of law principles).
21. Interpretation Whenever the context so requires, the singular number shall include
the plural and the plural the singular, and the use of any gender shall include all genders.
22. Survival of Representation Except for the representations of Seller contained in
paragraph 12 which shall survive the Closing of the transaction contemplated hereby, no other
representations or warranties of Seller, if any, in this Contract shall survive the Closing of the
transaction contemplated hereby. The representations, warranties, covenants and agreements of
Buyer in this Contract are and shall be construed to be covenants running with the Property, shall
survive the Closing of the transaction contemplated hereby, may be enforced by Seller after Closing
Date, and shall not be merged or be deemed to be merged into the Special Warranty Deed.
—4—
23. Counterparts This Contract may be executed in one or more counterparts, each of
which shall constitute an original, but all of which, when taken together, shall constitute but one
agreement.
24. Third Parties Buyer and Seller are the only parties to this Contract and are the only
parties entitled to enforce this Contract. Nothing contained in this Contract nor any provision hereof
is intended to give or shall be construed to give or confer, directly or indirectly, or otherwise, upon
any third party any right, remedy or benefit hereunder.
IN WITNESS WHEREOF, the parties have signed this Contract as of the day and year first
above written.
SELLER
PUEBLO, A MUNICIPAL CORPORATION
By Z2& � k..
President of the City Council
Attest:
City (&rk
Approved as to form:
WNI M-1-6 w
TOM fi- oRCZklc
City Attorney
BUYER
URBAN RENEWAL AUTHORITY OF
C'.TROORWFRESIO"lI WIOVTEMP %TEMW0288191 1W 1pOC
Atte
Name: /I /cam 2ug s; c d
Title: tj Cis {zr
Reception 1838596
04/14/2010 04:00:33 PM
PUEBLO, a municipal corporation (Grantor), whose street address is No. 1 City Hall
Place, Pueblo, Colorado 81002, City of Pueblo, County of Pueblo and State of Colorado for the
consideration of One Hundred and Thirty Thousand Dollars ($130,000.00), in hand paid, hereby
sells and conveys to the URBAN RENEWAL AUTHORITY OF PUEBLO COLORADO, a
body corporate and politic of the State of Colorado (Grantee), whose street address is 126 North
Mechanic Street, Pueblo, Colorado 81003, City of Pueblo, County of Pueblo and State of
Colorado, the following real property:
LOT 4, BLOCK 1, HISTORIC ARKANSAS RIVERWALK PROJECT FILING ONE,
County of Pueblo, State of Colorado;
with all its appurtenances and warrants the title against all persons claiming under Grantor,
subject to the exceptions contained in Schedule B -2 of ALTA Commitment No. PBC35024313,
from Land Title Guarantee Company, attached to and made a part of this Special Warranty Deed.
March ' 2010.
PUEBLO, A MUNICIPAL CORPORATION
By:l
President of the City Council
State of Colorado )
) as,
County of Pueblo )
The foregoing special warranty deed was acknowledged before me this 22-- day of
rylarc � , 2010, by La w y-c n ( e L) . Gf n c i o as President of
the City Council of Pueblo, a municipal corporation.
I and official seal.
expires 8 /7 /ZO/ /
! llG ry Publi=b --
c
ALTA COMMITMENT
Schedule B -2
(Exceptions) Our Order No. PBC35024313
The policy or policies to be issued will contain exceptions to the following unless the same are disposed
of to the satisfaction of the Company:
1. Rights or claims of parties in possession not shown by the Public Records.
2. Easements, or claims of easements, not shown by the Public Records.
3. Discrepancies, conflicts In boundary lines, shortage In area, encroachments, and any facts which a correct survey or
Inspection of the Land would disclose and which are not shown by the public records.
4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not
shown by the Public Records.
5. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public Records or
attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for
value the estate or Interest or mortgage thereon covered by this Commitment.
6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office.
7. Any unpaid taxes or assessments against said Land.
S. Liens for unpaid water and sewer charges, if any.
9. EXISTING LEASES AND TENANCIES, IF ANY.
10. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON
THE RECORDED PLAT OF HISTORIC ARKANSAS RIVERWALK PROJECT, FILING NO. ONE
RECORDED JULY 20, 1999 UNDER RECEPTION NO. 1289663. AFFIDAVIT IN
CONNECTION WITH SAID PLAT RECORDED FEBRUARY 28, 2002 UNDER RECEPTION NO.
1427587.
11. TERMS, CONDITIONS AND PROVISIONS OF PROTECTIVE COVENANTS NOT YET RECORDED.
12, RESTRICTIVE COVENANTS, WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER
CLAUSE, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON
RACE, COLOR, RELIGION. SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL
STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF
INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE
EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW,
AS CONTAINED IN INSTRUMENT RECORDED JUNE 19, 2007, UNDER RECEPTION NO.
1730792.
ALTA COMMITMENT
Schedule B -2
(Exceptions) Our Order No. PBC35024313
The policy or policies to be issued will contain exceptions to the following unless the ware are disposed
of to the satisfaction of the Company:
13. RESTRICTIVE COVENANTS, WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER
CLAUSE, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON
RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL
STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF
INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE
EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW,
AS CONTAINED IN INSTRUMENT RECORDED JUNE 19, 2007, UNDER RECEPTION NO,
1730793.
14. ANY TAX, LIEN OR FEE RESULTING FROM INCLUSION IN PUEBLO CONSERVANCY
DISTRICT RECORDED AUGUST 1, 2007 AT RECEPTION NO. 1736292
1838596 Page 1 of 2
04/14/2010 04:00:33 PM
IIII 111 I I II Il tll II I l It ( I I I I III
REAL PROPERTY TRANSFER DECLARATION - (TD -1000
GENERAL INFORMATION
Purpose: Tlfe Real Property Transfer Declaration provides essential information to the county assessor to help ensure fair and uniform
assessments for all property for property tax purposes. Refer to 39 -14- 102 {4), Colorado Revised Statutes (C.R.S.).
Requirements: All conveyance documents (deeds) subject to the documentary fee submitted to the county clerk and recorder for
reconlat On must be accompanied by a Real Property Transfer Declaration. This declaration must be completed and signed bythe
grantor (seller) or grantee (buyer). Refer to 39- 14- 102(1)(a), C.R-S.
Penalty for Noncompliance: Whenever a Real Property Transfer Declaration does not accompany the deed, the clerk and recorder
notifies the county assessor who will send a notice ro the buyer requesting that the declaration be returned witbir thirty clays after the
notice is mailed.
If the completed Real Property Transfer Declaration is not returned to the county assessor within the 30 days of notice, the assessor may
impose a penalty of $25.00 or.025% (.00025) of the sales price, whiclte mr is greater. This penalty jay be imposed for any subsequent
year that the brier fti.ls to subunit the declaration until the property is sold. Refer to 39 -14 -102 1 b , C RS.
Confidentiality: The as:essnr is required to make the Real Property Transfer Declaration available for inspection to the braver.
However, it is only available to the seller if the seller filed the declaration. Information derived from the Real Property Transfer
Declaration is available to any taxpayer or any agent of such taxpayer subject to confidentiality requirements as provided by law. 39 -5-
121.5, C.R.S. and 39- 13- 102(5)(c), C,R.S.
1. Address and/or legal description of the real property sold: Please do not use P,O. Box tmmbers
LOT 4, BLOCK 1, HISTORIC ARKANSAS RIVERWALK PROSF,CT FILING ONE, COUNTY OF PUEBLO, STATE OF
COLORADO ...... __..._ ___
2. eofPropertypmehased: F__ Sitp�leFamilyResidem �
ial Townhome Condominium Multi -Unit Res
CLommercial o Industr f Agricultural � Mixed Use acant Land Other
3. Date of Closing:
Date of Contract if different than date of closing: March 22, 2010
4. Total sale price: Including all real and personal property. $130,600.00
5, Was any personal property included in the transaction? Personal property would include, but not limited to, carpeting, draperies, free
standing appliances, equipment, inventory, furniture. If the personal property is not listed, the entire purchase price will be assumed
robe for the real property as per 39 -13 -102, C.R.S.
❑ Yes ! X. No If yes, approximate value $ Describe:
G. Did the total sales price include a trade or exchange of additional real or personal property? if yes, give the approximate value of ire
oods or services as of the date of closing.
Yes ' V No If yes, value $
if yes, does this transaction involve a Wade under IRS Code Section 10317 ❑ Yes X] No
7. Was 100% interest in the real property purchased? Mark "no" if only a partial interest is being purchased.
�X] Yes i. _,_j No If no, interest purchased: %
g, Is this a transaction among related parties? Indicate whether the buyer or seller ae related. Related parties include persons within
the sane fanfl business affiliates, or affiliated corporations.
D Yes [X No
9. Check any of the following that apply to the condition of the improvements at the time of purchase:
7L New r l Excellent F I Good I Average [ E, Poor Salvage
If the property is financed, please counplete the tolioving:
10. Taal amount financed: $
11. Tyne of financing: (Check all that apply)
J New Assumed Seller ❑Third Pity ❑Comhinatiom ;Explain
Form 13183 OFi12008 rpt.odt PBC35024523 {94608831 pg 1 of 2
REAL PROPERTY TRANSFER DECLARATION - (TD -1000)
GENERAL INFORMATION
Purpose: The Real Property Transfer Declaration provides essential information to the county assessor to help ensure fair and uniform
assessments for all property for property tax purposes. Refer to 39 -14- 102(4), Colorado Revised Statutes (C.R.S.).
Requirements: All conveyance documents (deeds) subject to the documentary fee submitted to the county clerk and recorder for
recordation must be accompanied by a Real Property Transfer Declaration. This declaration must be completed and signed by the
grantor (seller) or grantee (buyer). Refer to 39- 14- 102(1)(a), C.R.S.
Penalty for Noncompliance: Whenever a Real Property Transfer Declaration does not accompany the deed, the clerk and recorder
notifies the county assessor who will send a notice to the buyer requesting that the declaration be returned within thirty days after the
notice is mailed.
If the completed Real Property Transfer Declaration is not returned to the county assessor within the 30 days of notice, the assessor may
yea that the fails osubmit the (.0 of t sales
until the p rice
roperty is sold. whicheve R efer to 39- 14- 102(1)(b), C for any subsequent
C.R.S.
Confidentiality: The assessor is required to make the Real Property Transfer Declaration available for inspection to the buyer.
However, it is only available to the seller if the seller filed the declaration. Information derived from the Real Property Transfer
Declaration is available to any taxpayer or any agent of such taxpayer subject to confidentiality requirements as provided by law. 39 -5-
121.5, C.R.S. and 39- 13- 102(5)(c), C.R.S.
1. Address and/or legal description of the real property sold: Please do not use P.O. Box numbers
LOT 4, BLOCK 1, FUSTORIC ARKANSAS RIVERWALK PROJECT FILING ONE, COUNTY OF PUEBLO, STATE OF
2. e of Property purchased: ❑ Sin le Family Residential ❑ Townhome Condominium ❑ Multi -Unit Res
T Commercial ❑ Industrial [I Agricultural ❑ Mixed Use Vacant Land Other
3. Date of Closing: Aril 14, 2010
Date of Contract if different than date of closing: March 22, 2010
4. Total sale price: Including all real and personal property. $130,000.00
5, Was any personal property included in the transaction? Personal property would include, but not limited to, carpeting, draperies, free
standing appliances, equipment, inventory, furniture. If the personal property is not listed, the entire purchase price will be assumed
to be for the real property as per 39 -13 -102, C.R.S.
Yes [X No If yes, approximate value $ Describe:
6, Did the total sales price include a trade or exchange of additional real or personal property? If yes, give the approximate value of the
oods or services as of the date of closing.
�] Yes [K No if yes, value $
If yes, does this transaction involve a trade under IRS Code Section 1031? ❑ Yes LX] No
7. Was 100% interest in the real property purchased? Mark "no" if only a partial interest is being purchased.
X Yes ❑ No if no, interest purchased: %
8, Is this a transaction among related parties? Indicate whether the buyer or seller are related. Related parties include persons within
the same family, business affiliates, or affiliated corporations.
Yes F X I No
9. Check any of the following that app y to the condition of the improvements at the time of purchase:
O New ❑ Excellent Good ❑ Average ❑ Fair ❑ Poor ❑ Salvage
If the property is financed, please complete the following:
10. Total amount financed:
11. e of financing: (Check all that apply)
T
New ❑ Assumed ❑ Seller
L] Third Party
Combination; Explain
Form 13199 06/2008 rpt.odt PBC35024523 (9460883)
pg1of2
12. Terms:
Variable; Starting interest rate %
Fixed; Interest rate %
Length of time ears
Balloon Payment Yes No If yes, amount Due Date
13. Please explain any special terms, seller concessions, or financing and any other information that would help the assessor understand
the terms of sale.
For properties gIb-a than residential (Residential is defined as: single family detached, townhomes, apartments, and condominiums)
please complete questions 14 -16 if applicable. Otherwise, skip to #17 to complete.
14. Did the purchase price include a franchise or license fee? ❑ Yes
If yes, franchise or license fee value?
15. Did the purchase price involve an installment land contract?
If yes, date of contract:
16. If this was a vacant land sale, was an on -site inspection of the property conducted by the buyer prior to the closing?
❑Yes ❑No
Remarks: Please include any additional information concerning the sale you may feel is important.
17. Signed on this day of April 14 2010
Have at least one of the parties to the transaction sign the document, and include an address and a daytime phone number.
Signature of Grantee (Buyer) D. or Grantor (Seller) ❑
URBAN REN,K4L AUTHORITY OF PUEBLO, COLORADO
MIKE dE ECUTIVE DIRECTOR
18. All future correspondence (tax bills, property valuations, etc.) regarding this property should be mailed to:
TMUAM nFthWWAr. AFITHORiTY OF PUEBLO, COLORADO
❑ No
❑ Yes ❑ No
Form 13199 062008 rpt.odt
PBC35024523 (9460883) pg 2 of 2