HomeMy WebLinkAbout5001RESOLUTION NO. 5001
A RESOLUTION AUTHORIZING THE PURCHASE
OF PROPERTY FROM EVELYN H. HOOVER.
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO that:
SECTION 1.
The City Manager acting for and on behalf of the City is
hereby authorized and directed to purchase from Evelyn H.
Hoover a /k /a Evelyn H. McMichael for the purchase price of
$20,000.00 the following described real property located in
Pueblo County, Colorado, to -wit:
The South 1/2 of the Southwest 1/4 of
Section 18, Township 21 South, Range 65
West of the 6th P.M., less one -half of
the mineral rights thereto, consisting
of 80 acres more or less.
INTRODUCED June 28 , 1982
By HAROLD MABIE, JR.
Councilman
APPROVED:
ov. &Ll -
President of the City Council
ATTEST:��
C ty er
J �,
1 t . , lar � RECEIPT AND OPTION
In consideration of the sum of Ten Dols and
receipt of which is hereby acknowledged. Evelyn H eHooyer a Evelyn He McMichael
o Pueblo Colorado , hereinafter called the Seller,
does hereby grant to Holloran Realty & Investment CO• on behalf oit the City of Pueblo
of rue blo Golor'ado or his heirs or assigns, the
Option of purchasing for the sum of
Twenty housand and no/ loolls-
-- - -- - -- - - - - - --
y
I$ ?00000e00 ) Qpllark the following described property situated in the County of `'u® State of Colorado,
to-wit: The South + of the Southmat t of Section 18 Township 21 South, Range 65
ie n t ol the 6th Principal Meridian, less the mineral rights t
This Option may be accepted �fbbya�said o ran Aa y- , ve n too
at any time on or before the 20th day o JU y 19 by giving written notice there-
of to said Seller. Purchaser shall have the right to assign this Option.
The total purchase price is S 20.OW*W , payable as follows: S 1 0,00 ,
herein above receipted for and 19,990.00 by Cash or Certified funds at time of Closing.
THE FOLLOWING CONDITIONS ARE TO APPLY:
1. An abstract of title to said property, certified to date, or a current commitment for title insurance policy in an t amount equal to the pur-
chase price, at seller's option and expense, shall be furnished the purchaser on or before 7 d}rya rrior to C1osi ag , 19
If seller elects to furnish said title insurance commitment, seller will deliver the title insurance policy to purchaser after closing and pay the pro-
mium thereon.
2. Title shall be merchantable in the seller, Subject to payment or tender as above provided and compliance with the other terms and condi-
tions hereunder b general w arranty deed to said pur-
y purchaser, the seller shall execute and deliver a good and sufficient
chaser on Ju3,y 31 1 82 , or by mutual a reement, at an earlier date, conveying said property free and clear of all
taxes, except the general taxes for 19 d2 , payable January 1, 1. , and excep n a othe
free and clear of all liens for special improvements now installed, whether assessed or not; free and clear of all liens and encumbrances except
easements for telephone, electricity, water and sanitary sewer, and except none o ther
and subject to building and zoning regulations, and restrictive covenants of record. Any encumbrance required to be paid may be paid from the
proceeds of this transaction. Q C
3. General taxes and Southeastern Water Conservancy District assessments for 19 82 (based on 1 82 l evy and 1 u2 assessment),
prepaid rents, water rents, sewer rents. FHA mortgage insurance premiums and interest on encumbrances, if any, an non® Other
shall be apportioned t�o date of delivery of deed.
4. Possession shall be given Buyer on or before July 319 19 2.
If property is rented possession is deemed given on date rent first accrues to Buyer.
5. Special conditions
Witness my (our) hand and seal this / day Of ��Z = —z.� -- 1
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Witness: �� (SEAL)
`--" _/' E l �' (SEAL)
Address of Seller