HomeMy WebLinkAbout10522*ORDINANCE NO. 10522
AN ORDINANCE APPROVING AN AGREEMENT TO BUY AND
SELL REAL ESTATE BETWEEN THE CITY OF PUEBLO, A
COLORADO MUNICIPAL CORPORATION, AND PUEBLO
URBAN RENEWAL AUTHORITY, A PUBLIC BODY
CORPORATE AND POLITIC OF THE STATE OF COLORADO,
RELATING TO THE SALE OF PROPERTY AT 612 E. 2ND
STREET, PUEBLO, COLORADO AND 618 E. 2ND STREET,
PUEBLO, COLORADO FOR THE AMOUNT OF TEN
THOUSAND, EIGHT HUNDRED, FORTY-SIX DOLLARS AND
TWENTY-FIVE CENTS ($10,846.25), AND AUTHORIZING THE
MAYOR TO EXECUTE SAME
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The Agreement to Buy and Sell Real Estate (“Agreement”) dated July 10, 2023, between
the City of Pueblo, a Municipal Corporation, and Pueblo Urban Renewal Authority, a Public
Body Corporate and Politic of the State of Colorado, a copy of which is attached hereto and is
incorporated herein by this reference, having been approved as to form by the City Attorney, is
hereby approved.
SECTION 2.
The Mayor is authorized to execute and deliver the Agreement in the name of the City
and the City Clerk is authorized to fix the seal of the City thereto and attest same. The Mayor is
further authorized to execute and deliver the accompanying Special Warranty Deeds and
related documents at closing, transferring the property owned by the City to Pueblo Urban
Renewal Authority in the manner described in the Agreement.
SECTION 3.
Proceeds from the sale in the amount of $10,846.25 are to be repaid to the U.S.
Department of Housing and Urban Development.
SECTION 4.
The officers and staff of the City are authorized to perform any and all acts consistent
with this Ordinance and the attached Agreement appropriate to implement the transactions
described therein.
SECTION 5.
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 July 24, 2023.
Final adoption of Ordinance by City Council on August14, 2023.
____________________________
President of City Council
Action by the Mayor:
☒ Approved on August 17, 2023 .
☐ Disapproved on ______________ based on the following objections:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________________________
Mayor
Action by City Council After Disapproval by the Mayor:
☐ Council did not act to override the Mayor's veto.
☐ Ordinance re-adopted on a vote of ____________, on _____________
☐ Council action on _______ failed to override the Mayor’s veto.
____________________________
President of City Council
ATTEST
________________________________
City Clerk
City Clerk's Office Item # R3
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: August 14, 2023
TO: President Heather Graham and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Marisa Stoller, City Clerk
FROM: Bryan Gallagher, Director of Housing and Citizen Services
SUBJECT: AN ORDINANCE APPROVING AN AGREEMENT TO BUY AND SELL
REAL ESTATE BETWEEN THE CITY OF PUEBLO, A COLORADO
MUNICIPAL CORPORATION, AND PUEBLO URBAN RENEWAL
AUTHORITY, A PUBLIC BODY CORPORATE AND POLITIC OF THE
STATE OF COLORADO, RELATING TO THE SALE OF PROPERTY AT
612 E. 2ND STREET, PUEBLO, COLORADO AND 618 E. 2ND STREET,
PUEBLO, COLORADO FOR THE AMOUNT OF TEN THOUSAND,
EIGHT HUNDRED, FORTY-SIX DOLLARS AND TWENTY-FIVE CENTS
($10,846.25), AND AUTHORIZING THE MAYOR TO EXECUTE SAME
SUMMARY:
Attached is an Ordinance approving, and authorizing the Mayor to sign, an agreement
for the City to sell two parcels of unimproved land located at 618 & 612 E. 2nd Street in
the Mattices Subdivision (Parcel 1 and Parcel 2) to Pueblo Urban Renewal Authority for
Two Thousand, Seven Hundred, Twelve Dollars and Eighty-Nine Cents ($2,712.89)
and Eight Thousand, One Hundred, Thirty-Three Dollars and Thirty-Six Cents
($8,133.36), respectively, for a total of Ten Thousand, Eight Hundred, Forty-Six Dollars
and Twenty-Five Cents ($10,846.25).
PREVIOUS COUNCIL ACTION:
Not applicable to this Ordinance.
BACKGROUND:
nd
The property at 618 E 2 Street was acquired by the City through the redemption of a
nd
tax lien and the adjacent property at 612 E. 2 Street was purchased from the owner,
both in 2012. The Properties are more specifically designated as:
Parcel: 431232004
Legal Description: Lot Six and Seven (6 and 7), Block Twenty (20), Mattices
Subdivision
Commonly known as: 618 E. 2nd Street, Pueblo, Colorado 81001
(hereinafter referred to as “Parcel 1”)
AND
Parcel: 431232005
Legal Description: Lot Eight and Nine (8 and 9), Block Twenty (20), Mattice’s
Subdivision
Commonly known as: 612 E. 2nd Street, Pueblo, Colorado 81001
(hereinafter referred to as “Parcel 2”)
FINANCIAL IMPLICATIONS:
The City will receive $10,846.25 from the sale. Closing costs and fees will be paid by
the Pueblo Urban Renewal Authority. The Pueblo Urban Renewal Authority will pay for
title insurance. Proceeds of the sale will reimburse the U.S. Department of Housing
and Urban Development for costs associated with acquisition and holding.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Ordinance.
STAKEHOLDER PROCESS:
Not applicable to this Ordinance.
ALTERNATIVES:
City Council may decide not to sell the Property.
RECOMMENDATION:
Approval of this Ordinance.
ATTACHMENTS:
1. Agreement to Sell Real Estate/Warranty Deeds