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HomeMy WebLinkAbout13886RESOLUTION NO. 13886 A RESOLUTION CONVEYING 10.0 ACRES OF PROPERTY BY A QUITCLAIM DEED TO NUVUE PHARMA, LLC, A COLORADO LIMITED LIABILITY COMPANY AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAID QUITCLAIM DEED WHEREAS, on December 30, 2015 the City entered into a Development and Public Improvements Agreement with Nuvue Pharma, LLC, a Colorado limited liability company (“Nuvue”) that stipulated the City would convey approximately ten acres of property owned by the City east of the Eagleridge Blvd and Dillon Drive intersection to Nuvue; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1: The Quitclaim Deed conveying property to Nuvue Pharma, LLC, a Colorado limited liability company, a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved. SECTION 2: The President of the City Council is hereby authorized to execute said Quitclaim Deed and all documents necessary and appropriate to effectuate said transfer. SECTION 3: The officers and staff of the City are authorized and directed to perform any and all acts consistent with the intent of this Resolution to implement the policies and procedures described herein. SECTION 4: This Resolution shall become effective immediately upon final approval. INTRODUCED February 12, 2018 BY: Ed Brown MEMBER OF CITY COUNCIL APPROVED: PRESIDENT OF CITY COUNCIL ATTESTED BY: ACTING DEPUTY CITY CLERK City Clerk’s Office Item # M-4 BACKGROUND PAPER FOR PROPOSED RESOLUTION COUNCIL MEETING DATE: February 12, 2018 TO: President Christopher A. Nicoll and Members of City Council CC: Sam Azad, City Manager VIA: Brenda Armijo, Acting City Clerk FROM: Steven Meier, Director of Planning and Community Development SUBJECT: A RESOLUTION CONVEYING 10.0 ACRES OF PROPERTY BY A QUITCLAIM DEED TO NUVUE PHARMA, LLC, A COLORADO LIMITED LIABILITY COMPANY AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAID QUITCLAIM DEED SUMMARY: Attached for consideration is a Resolution approving a Quitclaim Deed to transfer 10.0 acres of City-owned property to NuVue Pharma, LLC pursuant to the terms of the Development and Public Improvements Agreement dated December 30, 2015 between the City of Pueblo, a Municipal Corporation and Nuvue Pharma, LLC. PREVIOUS COUNCIL ACTION: None. BACKGROUND: Pursuant to the terms of the Development and Public Improvements Agreement dated December 30, 2015 between the City of Pueblo, a Municipal Corporation and Nuvue Pharma, LLC, the City is conveying a 10-acre parcel to Nuvue Pharma in exchange for the property conveyed to the City at the northeast corner of the intersection of Eagleridge Boulevard and Dillon Drive for future intersection improvements. FINANCIAL IMPLICATIONS: None. BOARD/COMMISSION RECOMMENDATION: Not applicable. STAKEHOLDER PROCESS: Not applicable. ALTERNATIVES: If City Council does not approve this Resolution, the City will not be in compliance with the terms of the Development and Public Improvements Agreement dated December 30, 2015 between the City of Pueblo, a municipal corporation and Nuvue Pharma, LLC. RECOMMENDATIONS: Approval of the Resolution. Attachments: Quitclaim Deed Exhibit A – Legal Description re: Resolution 13886 Reception 2098563 03/05/2018 03:46:50 PM QUITCLAIM DEED THIS QUITCLAIM DEED, made this 12 +h _ day of February, 2018 between the CITY OF PUEBLO, a Colorado municipal corporation, whose legal address is 1 City Hall Place, Pueblo, CO 81003 ("Grantor"), and NuVUE PHARMA LLC, a Colorado limited liability company, whose legal address is 4740 Dillon Drive, Pueblo, CO 81008 (hereinafter referred to as "Grantee"): WITNESSETH,that the Grantor, for and in consideration of the sum of TEN DOLLARS ($10.00),and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,has QUITCLAIMED,and by these presents does QUITCLAIM, unto the Grantee, his heirs, successors and assigns, all right,title and interest that the Grantor has in the real property, situate, lying and being in Pueblo County, State of Colorado, described as follows: Approximately 10 acres of land more specifically described in Exhibit A, attached hereto and incorporated herein by reference (the"Property"). FURTHER WITNESSETH, that the Grantor QUITCLAIMS the Property "AS 1S, WHERE IS, WITH ALL FAULTS" and hereby disclaims any and all warranties, express or implied, with respect to the Property. IN WITNESS WHEREOF, this Quitclaim Deed is executed by Grantor to be effective the day and year first above written. GRANTOR: CITY OF PUEB r, COLORADO `"` 't'r A COLO4R: i! . UNICIPAL CO 'O) ''hlO ) °4 , ,c; ,cv\ `,, > ,p c-.417, B it jt.%1 s -, C istop r A.` icol • ' I President of the City Council , ° - 47 .. 4- STATE OF COLORADO ) Aoata ) ss. COUNTY OF PUEBLO ) The foregoing instrument was acknowledged before me on this / FA_ of February, 2018,by Pueblo,a Municipal Corporation,by Christopher A.Nicoll,President of the City Council. Witness my official hand and seal. a ' 'y A )ra,(7:, My commission expires. l Notary Public TAMMY A MARTINEZ NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20164028200 MY COMMISSION EXPIRES 07/26/2020 } 1 • 2098563 03/05/2018 03:46:50 PM Page: 2 of 2 R 18.00 D 0.00 T 18.00 Gilbert Ortiz Clerk/Recorder. Pueblo County. Cc 1114111111111 Exhibit A to Quitclaim Deed LEGAL DESCRIPTION A parcel of land located within a portion of the SE '/.of Section 12, Township 20 South, Range 65 West of the Sixth Principal Meridian and within a portion of the SW '/4 of Section 7,Township 20 South, Range 64 West of the Sixth Principal Meridian,County of Pueblo, State of Colorado, being more particularly described as follows: BEGINNING at the SE corner of Fountain Park Commercial Center according to the recorded plat thereof filed for record May 14, 1975 at Reception No. 494295 in the records of the Pueblo County Clerk and Recorders from which the SE corner of said Section 12 bears S 31'03'04"E (bearing based on the east line of the SE 1/4 of said Section 12 moniimented at the north end with an aluminum monument with a 3 inch aluminum cap PLS No, 12933 and at the south end with an aluminum monument with a 3 inch aluminum cap PLS No. 10093 assumed to bear N 00°39'46"E), a distance of 1473.35 feet;thence N 02°28'05"W along the east line of said Fountain Park Commercial Center, a distance of 100.00 feet to the SE corner of Lot 1, Block 1 of said Fountain Park Commercial Center; thence N 87°32'33" E, along the north line of Eagleridge Boulevard if extended easterly,a distance of 127,50 feet; thence N 08°21'56" E, a distance of 267.94 feet; thence N 87°32'33"E, a distance of 433.00 feet more or less to a point on the westerly right of way line of the Denver and Rio Grande Railroad; thence S 27°39'22"E, along said westerly right of way line, a distance of 721.65 feet; thence S 87°32'33" W,a distance of 865.08 feet; thence N 08°21'56"E, a distance of 295.05 feet; thence S 87°32'33"W along the south line of Eagleridge Boulevard if extended easterly, a distance of 108.37 feet to the POINT OF BEGINNING. Said parcel contains 10.00 acres, more or less. RANDY G. REEVES DATE PROFESSIONAL LAND SURVEYOR NO. 22101