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03/15/2018 03:43:20 PM
RESOLUTION NO. 13903
A RESOLUTION CONVEYING 242.911 ACRES OF
PROPERTY BY A QUITCLAIM DEED TO PUEBLO LAND
INVESTORS, LLC, A DELAWARE LIMITED LIABILITY
COMPANY AND AUTHORIZING THE PRESIDENT OF THE
CITY COUNCIL TO EXECUTE SAME
WHEREAS, the Pueblo City Council approved by Resolution No. 11137, dated
October 22, 2007 the acceptance of a Warranty Deed and Right of Reversion ("Deed")
between the City of Pueblo and Pueblo Springs Ranch, LLC, a Nevada Limited Liability
Company relating to the proposed annexation of Pueblo Springs Ranch; and,
WHEREAS, the Property accepted by the City was not utilized to provide the
contiguity for the annexation of the subsequent owner Pueblo Land Investors, LLC, a
Delaware Limited Liability Company prior to the occurrence of a "Triggering Event" as
defined in the Deed; and,
WHEREAS, the Pueblo City Council approved an Agreement by Resolution No.
13899, dated February 26, 2018 between the City and Pueblo Land Investors, LLC, a
Delaware Limited Liability Company, Pueblo Springs, LLC, an Arizona Limited Liability
Company, Pueblo Springs Ranch, LLC, a Delaware Limited Liability Company, and
Pueblo Springs Ranch, LLC, a Nevada Limited Liability Company ("Ownership Parties")
stipulating the property to be conveyed to each of the Ownership Parties; and,
WHEREAS, subject to the terms of the Warranty Deed and Right of Reversion
the City shall execute, and deliver to Pueblo Land Investors, LLC, a Delaware Limited
Liability Company a Quitclaim Deed conveying the City's interest in the property; NOW
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1:
The Quitclaim Deed conveying property to Pueblo Land Investors, LLC, a
Delaware 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 City Council is hereby authorized to execute the attached
Quitclaim Deed and all documents necessary and appropriate to effectuate said
transfer.
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Gilbert Ortiz Clerk/Recorder. Pueblo County Co
SECTION 3: 11111k Fa k;'11.i 11(11
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 transactions
described herein.
SECTION 4:
This Resolution shall become effective immediately upon final approval.
INTRODUCED February 26, 2018
c,1 � BY: E•frown
MEM: ,'r•F/ ITY CO
• �� �� ' APPROVED: /Are
. PR "DV T OF CITY COUNCIL
ATTESTED B ..' ► : . A AI,.
`'i ACTING CITY CLERK
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Gilbert Ortiz Clerk/Recorder, Pueblo ty; Co
■III Mit Y' ll0R4l4'F'VAINA 11111
QUITCLAIM DEED
THIS QUITCLAIM DEED, made this 26th day of February, 2018, between Pueblo, a
Municipal Corporation,whose legal address is 1 City Hall Pl, Pueblo,Colorado 81003 (hereinafter
referred to as"Grantor")and Pueblo Land Investors, LLC,a Delaware Limited Liability Company,
whose address is 11411 Southern Highlands Parkway, Ste 300, Las Vegas, NV 89141-3267
(hereinafter referred to as ("Grantee"):
WITNESSESTH, that the Grantor, subject to the terms of the Warranty Deed and Right
of Reversion dated October 22,2007 and recorded under Reception No. 1748310 on November 8,
2007, has QUITCLAIMED, and by these presents does QUITCLAIM, unto the Grantee, its
successors and assigns,all right,title and interest that the Grantor has in the real property, together
with improvements, if any, situate, lying and being in Pueblo County, State of Colorado,described
as follows:
PARCEL "A"
A portion of Sections 4, 5, 10, 14, 22, 23, 26, 27, 34 and 35, Township 19 South, Range 64 West
of the 6th P.M. County of Pueblo, State of Colorado and being more particularly described as
follows:
Considering the west line of the Northwest Quarter of Section 1, Township 19 South, Range 64
West of the 6th P.M.to bear S.00°49'20"E and all bearings contained herein being relative thereto.
Beginning from the Center Corner of Section 22, Township 19 South, Range 64 West, thence S.
89°58'12" E. along the north line of the Southeast Quarter of said Section 22,a distance of 659.12
feet; thence N. 00°04'12" W. along the east line of the West one-half of the West one-half of the
Northeast Quarter of Section 22, a distance of 2,637.35 feet to a point on the north line of the
Northeast Quarter of Section 22;thence S. 89°53'46" E. along north line of said Northeast Quarter
of Section 22, a distance of 1,976.47 feet to the Northeast Corner of said Section 22; thence N.
00°25'10" W. along the west line of the Southwest Quarter of Section 14, Township 19 South,
Range 64 West, a distance of 2,632.67 feet; thence N. 00°27'32" W. along the west line of the
Northwest Quarter of said Section 14, a distance of 2,636.39 feet to the Northwest Corner of
Section 14, said point also being the Southeast Corner of Section 10, Township 19 South, Range
64 West; thence N. 89°48'20" W. along the south line of the Southeast Quarter of the
aforementioned Section 10, a distance of 2,632.26 feet; thence N. 89°47'46" W. along the south
line of the Southwest Quarter of the aforementioned Section 10, a distance of 2,631.83 feet to the
Southwest Corner of Section 10; thence N. 00°18'12" W. along the west line of the Southwest
Quarter of Section 10, a distance of 2,626.99 feet; thence N. 00°18'10" W. along the west line of
the Northwest Quarter of Section 10,a distance of 2,633.38 feet to the Northwest Corner of Section
10, said point also being the Southeast Corner of Section 4, Township 19 South, Range 64 West;
thence S. 89°52'40" W.along the south line of the Southeast Quarter of the aforementioned Section
4,a distance of 2,659.28 feet;thence S. 89°52'46" W.along the south line of the Southwest Quarter
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Gilbert Ortiz Clerk/Recorder, Pueblo County. Co
■III IMJ�.rl*VI��L It via ISA IDI Aid Ill III
of Section 4 to the Southwest Corner of Section 4, said point also being the Southeast Corner of
Section 5, Township 19 South, Range 64 West, thence S. 89°54'29" W. along the south line of the
Southeast Quarter of the aforementioned Section 5, a distance of 2,606.60 feet; thence N.
00°08'21" W.along the west line of the Southeast Quarter of Section 5, a distance of 1,319.86 feet;
thence S. 89°53'05" W. along the south line of the Northeast Quarter of the Southwest Quarter of
Section 5, a distance of 1,320.41 feet to the Center Corner of the Southwest Quarter of Section 5;
thence N. 00°04'13" W. along the west line of the Northeast Quarter of the Southwest Quarter of
Section 5, a distance of 1,320.80 feet to a point on the north line of the Southwest Quarter of
Section 5; thence N. 89°50'39" W. along said north line, a distance of 1,364.21 feet to the west
line of Section 5; thence N. 00°49'35" W. along the west line of the Northwest Quarter of Section
5, a distance of 2640.91 feet to the Northwest Corner of the Section 5; thence N. 89°53'56" E.
along the north line of the Northwest Quarter of Section 5, a distance of 21.50 feet; thence S.
00°49'35" E. parallel to the west line of the Northwest Quarter of Section 5 ,a distance of 2,619.50
feet; thence S. 89°50'39" E. parallel to the north line of the Southwest Quarter of Section 5 , a
distance of 1,364.49 feet; thence S. 00°04'13" E. and parallel to the west line of the Northeast
Quarter of the Southwest Quarter of Section 5, a distance of 1,320.71 feet; thence N. 89°53'05" E.
and parallel to the south line of the Northeast Quarter of the Southwest Quarter of Section 5, a
distance of 1,320.38 feet; thence S. 00°08'21" E. parallel to the west line of the Southeast Quarter
of Section 5, a distance of 1,319.87 feet; thence N. 89°54'29" E. parallel to the south line of the
Southeast Quarter of Section 5, a distance of 2,585.12 feet; thence N. 89°52'46" E. parallel to the
south line of the Southwest Quarter of Section 4, a distance of 2,658.03 feet; thence N. 89°52'40"
E. parallel to the south line of the Southeast Quarter of Section 4, a distance of 2,680.71 feet;
thence S. 00°18'10" E. parallel to the west line of the Northwest Quarter of Section 10, a distance
of 2,654.81 feet;thence S.00°18'12"E.parallel to the west line of the Southwest Quarter of Section
10, a distance of 2,605.68 feet; thence S. 89°47'46" E. parallel to the south line of the Southwest
Quarter of Section 10, a distance of 2,610.52 feet; thence S. 89°48'20" E. parallel to the south line
of the Southeast Quarter of Section 10, a distance of 2,653.51 feet; thence S. 00°27'32" E. parallel
to the west line of the Northwest Quarter of Section 14, a distance of 2,657.65 feet; thence S.
00°25'10"E.parallel to the west line of the Southwest Quarter of Section 14, a distance of 2,654.38
feet; thence N. 89°53'46" W. parallel to the north line of the Northeast Quarter of Section 22, a
distance of 1,976.60 feet; thence S. 00°04'12" E., a distance of 2,637.32 feet;thence N. 89°58'12"
W. parallel to the north line of the Southeast Quarter of Section 22„ a distance of 659.12 feet;
thence S. 00°03'40" E. parallel to the west line of the Southeast Quarter of Section 22, a distance
of 2,616.64 feet; thence S. 00°00'20" W. parallel to the west line of the East one-half of Section
27, a distance of 5,012.51 feet; thence S. 56°06'54" E., a distance of 1,501.66 feet; thence S.
72°31'07"E.,a distance of 1,465.23 feet;thence S.66°39'31"E.,a distance of 1,773.43 feet;thence
S. 60°14'26" E., a distance of 1,730.56 feet; thence N. 89°39'31" E. parallel to the south line of the
North one-half of Section 35, a distance of 2,092.14 feet; thence N. 00°18'31" E. parallel to east
line of the Northeast Quarter of Section 35, a distance of 2,623.00 feet to a point on the south line
of Section 26, Township 19 South, Range 64 West; thence N. 00°18'31" E. into the Southeast
•
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Gilbert Ortiz Clerk/Recorder, Pueblo County, Co
11111 �.rkWf L 'W°. Piga I' III III
Quarter of said Section 26, a distance of 21.58 feet; thence N. 89°46'57" E., a distance of 21.48
feet to a point on the east line of the Southeast Quarter of Section 26;thence S. 00°14'43" E. along
said east line of the Southeast Quarter of Section 26, a distance of 21.50 feet to the Northeast
Corner of Section 35;thence S.00°18'31"W.along the east line of the Northeast Quarter of Section
35, a distance of 2,644.52 feet; thence S. 89°39'31" W. along the south line of the North one-half
of Section 35, a distance of 2,076.32 feet; thence S. 89°39'31" W. continuing along the south line
of the North one-half of Section 35, a distance of 3,187.83 feet;thence N. 89°37'00" W. along the
south line of the Northeast Quarter of Section 34, a distance of 2,730.54 feet;thence N. 00°12'51"
E. parallel to the west line of the Northeast Quarter of Section 34, a distance of 1,631.23 feet;
thence S. 69°14'18" W., a distance of 26.77 feet; thence N. 00°12'51" E. parallel to the west line
of the Northeast Quarter of Section 34, a distance of 976.87 feet; thence N. 00°0020" E. parallel
to the west line of the East one-half of Section 27, a distance of 5,274.86 feet;thence N. 00°03'40"
W. parallel to the west line of the Southeast Quarter of Section 22, a distance of 1,682.93 feet;
thence N.89°5620" E,a distance of 100.00 feet to the west line of the Southeast Quarter of Section
22;thence N. 00°03'40" W.along to the west line of the Southeast Quarter of Section 22,a distance
of 955.17 feet to the Point of Beginning.
Containing 237.691 acres, more or less
PARCEL "B"
A portion of Sections 2, 3 and 4, Township 19 South, Range 64 West of the 6th P.M., County of
Pueblo, State of Colorado and being more particularly described as follows:
Considering the west line of the Northeast Quarter of Section 1, Township 19 South, Range 64
West of the 6th P.M.to bear S.00°49'20"E and all bearings contained herein being relative thereto.
Beginning from the Northeast Corner of Section 2, Township 19 South, Range 64 West, thence S.
00°4920" E.along the east line of the Northeast Quarter of said Section 2, a distance of 21.50 feet;
thence S. 89°39'33" W. parallel to the north line of the aforementioned Northeast Quarter of
Section 2,a distance of 2,646.47 feet;thence S. 89°38'02" W.parallel to the north line of Northwest
Quarter of said Section 2, a distance of,2647.34 feet; thence S. 89°52'46" W. parallel to the north
line of the Northeast Quarter of Section 3, Township 19 South, Range 64 West, a distance of
2,630.85 feet; thence S. 89°52'11" W. parallel to the north line of the Northwest Quarter of said
Section 3, a distance of 2,651.90 feet to a point in Section 4, Township 19 South, Range 64 West;
thence N. 00°24'40" W., a distance of 21.50 feet to a point along the north line of the
aforementioned Section 4; thence N. 89°52'11" E. along the north line of said Northeast Quarter
of Section 4 and the north line of the aforementioned Northwest Quarter of Section 3, a distance
of 2,652.01 feet; thence N. 89°52'46" E. along the north line of the aforementioned Northeast
Quarter of Section 3, a distance of 2,630.81 feet to the Northeast Corner of the aforementioned
Section 3; thence N. 89°38'02" E. along the north line of the aforementioned Northwest Quarter
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Gilbert Ortiz Clerk/Recorder, Pueblo County, Co
!III lIPMEtiK'IA,IftilIAILAMIlikiMieII6.ti1,Yirrh 111111
of Section 2, a distance of 2,647.29 feet; thence N. 89°39'33" E. along the north line of the
aforementioned Northeast Quarter of Section 2, a distance of 2,646.29 feet to the Point of
Beginning.
Containing 5.220 acres, more or less
IN WITNESS WHEREOF, this Quitclaim Deed is executed by Grantor to be effective
the day and year first above written.
GRANTOR: 0�1 r tai
/ti I Y
PUEBLO, A MUN ' 'AL CORPORATION, 7kte bAl,, ,,. /
iC.' lift /�I I
,nib
hri opher A. Nicoll y
President of City Council
STATE OF COLORADO )
) ss.
COUNTY OF PUEBLO )
The foregoing instrument was acknowledged before me on this c2 «day of
ebk it-4-A-V, 2018, by Christopher A. Nicoll, President of the City Council of Pueblo, a
municipal corpdfation.
Witness my official hand and seal.
My commission expire A 06 (9 11:4
' I - .
TAMMY A MARTINEZ /YL/Yt 7,)},-� i
NOTARY PUBLIC
STATE OF COLORADO Notary Pub
NOTARY ID 20164026200
;,re COMMISSION EXPIRES 07/26/2020
City Clerk’s Office Item # M-12
BACKGROUND PAPER FOR PROPOSED
RESOLUTION
COUNCIL MEETING DATE:
February 26, 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 242.911 ACRES OF PROPERTY BY A
QUITCLAIM DEED TO PUEBLO LAND INVESTORS, LLC, A
DELAWARE LIMITED LIABILITY COMPANY AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
SUMMARY:
Attached for consideration is a Resolution approving a Quitclaim Deed to transfer City-
Owned property to Pueblo Land Investors, LLC, a Delaware Limited Liability Company
subject to the terms of the Agreement dated February 26, 2018 and the Warranty Deed
and Right of Reversion dated October 22, 2007 between the City of Pueblo and Pueblo
Springs Ranch, LLC, a Nevada Limited Liability Company.
PREVIOUS COUNCIL ACTIONS:
City Council approved the Agreement dated February 26, 2018 with the three Pueblo
Springs Ranch ownership groups facilitating the reconveyance of the City’s property as
stipulated in the original Warranty Deed and Right of Reversion.
City Council approved the acceptance of a Warranty Deed and Right of Reversion
dated October 22, 2007 between the City of Pueblo and Pueblo Springs Ranch, LLC, a
Nevada Limited Liability Company. The “Triggering Event” if the property was not
annexed into the City was extended through six separate resolutions approved by City
Council between 2007 and 2014.
BACKGROUND:
Subject to the terms of the Agreement dated February 26, 2018 between the City and
the three ownership groups of the Pueblo Springs Ranch properties, and the Warranty
Deed and Right of Reversion dated October 22, 2007, the City of Pueblo is conveying
the land back to the property owners. Since the original acceptance of the property by
the City, the Pueblo Springs Ranch ownership has sold portions of the original property
creating three separate owners. This Resolution conveys the portion of the Pueblo
Springs Ranch property to Pueblo Land Investors, LLC, a Delaware Limited Liability
Company, which is the portion of the Pueblo Springs Ranch “Lariat” property that is
adjacent to the property currently owned by Pueblo Land Investors, LLC, a Delaware
Limited Liability Company.
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 Warranty Deed and Right of Reversion dated October 22, 2007.
RECOMMENDATIONS:
Approval of the Resolution.
Attachments:
Quitclaim Deed
Map Exhibits of the Property