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ORDINANCE NO. 9831
AN EMERGENCY ORDINANCE APPROVING AND
AUTHORIZING THE MAYOR TO SIGN A TENANTS IN
COMMON AGREEMENT BETWEEN THE CITY OF
PUEBLO, A COLORADO MUNICIPAL CORPORATION,
AND THE COUNTY OF PUEBLO, A POLITICAL
SUBDIVISION OF THE STATE OF COLORADO
CONCERNING THE REAL PROPERTY AND
TH
IMPROVEMENTS LOCATED AT 201 W. 8 ST., PUEBLO,
COLORADO
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO that:
SECTION 1.
The Tenants in Common Agreement (“Agreement”) between the City of Pueblo, a
Municipal Corporation, and the County of Pueblo, a Political Subdivision of the State of
Colorado, dated December 7, 2020, attached hereto, having been approved as to form
by the City Attorney, is hereby approved.
SECTION 2.
The Mayor is hereby authorized and directed to execute said Agreement for and
on behalf of the City, and the City Clerk is directed to affix the seal of the City thereto and
attest same.
SECTION 3.
The officers and staff of the City are authorized and directed to perform any and
all acts consistent with this Ordinance and the attached Agreement to implement the
policies and procedures described herein.
SECTION 4.
Savings Clause: The Closing of the purchase of the Wells Fargo Building is
scheduled for December 10, 2020, requiring City Council’s immediate consideration of
this Ordinance. The immediate enactment of this Ordinance is necessary in order to
preserve and protect the health, safety and welfare of the residents of the City. Pursuant
to Sec. 3-20 of the City Charter, this Ordinance shall become effective on the date of final
action by the Mayor and City Council.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on December 7; 2020.
Final adoption of Ordinance by City Council on Decem•er 7 2020.
Presi•ent of City Council
Action by the Mayor:
❑ Approved on
;lc Disapproved on f a1-/0-4740.0 based on the following objections:
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Action by City Council After Disapproval by the Mayor:
Council did not act to override the Mayor'sveto.
❑ Ordinance re-adopted on a vote of , on
❑ Council action on failed to ove ide the Mayor's veto.
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Preside of City Council
ATTEST
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City Clerk
City Clerk’s Office Item # T-1
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: December 7, 2020
TO: Dennis E. Flores and Members of City Council
FROM: Mayor Nicholas A. Gradisar
VIA: Brenda Armijo, City Clerk
SUBJECT: AN EMERGENCY ORDINANCE APPROVING AND AUTHORIZING THE
MAYOR TO SIGN A TENANTS IN COMMON AGREEMENT BETWEEN
THE CITY OF PUEBLO, A COLORADO MUNICIPAL CORPORATION,
AND THE COUNTY OF PUEBLO, A POLITICAL SUBDIVISION OF THE
STATE OF COLORADO CONCERNING THE REAL PROPERTY AND
TH
IMPROVEMENTS LOCATED AT 201 W. 8 ST., PUEBLO, COLORADO
SUMMARY:
The Ordinance approves a Tenants in Common Agreement with Pueblo County in connection
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with the purchase by the City and County of the Wells Fargo Building located at 201 W. 8 Street,
Pueblo, CO 81003 (ÐWells Fargo Bank BuildingÑ).
PREVIOUS COUNCIL ACTION:
On October 26, 2020, the City Council, by Resolution, accepted and approved the Assignment of
a Contract to Buy and Sell Real Estate (Commercial) from Pueblo County to itself and the City of
Pueblo concerning the real property and improvements known as the Wells Fargo Bank Building.
BACKGROUND:
Title to the Wells Fargo Bank Building will be acquired by the City and County as tenants in common.
An initial agreement is necessary to specify the rights and responsibilities of the City and County,
operating as tenants in common, with respect to the Wells Fargo Bank Building. The purpose of the
attached Ordinance is to approve and authorize the Mayor to sign the initial ownership agreement
between the City and County.
FINANCIAL IMPLICATIONS:
Other than the costs of acquisition and operational expenses, this Ordinance will not create any
financial obligations on the part of the City.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Ordinance.
STAKEHOLDER PROCESS:
Not applicable to this Ordinance.
ALTERNATIVES:
City Council has the option of not approving the Tenants in Common Agreement which would
allow the City and County to operate as unrestricted tenants in common with respect to the Wells
Fargo Bank Building.
RECOMMENDATION:
The Mayor recommends approval of the attached ordinance.
Attachments:Proposed Ordinance and proposed Agreement