HomeMy WebLinkAbout5132/// 'Z -
RESOLUTION NO. 5132
A RESOLUTION APPROVING THE ACQUISITION OF 308 SOUTH
UNION, AUTHORIZING THE CITY MANAGER TO EXECUTE AN
OPTION ON SAID PROPERTY AND TO PURCHASE SAME AFTER
DEMOLITION OF THE STRUCTURE AND SITE CLEARANCE HAVE
BEEN ACCOMPLISHED.
WHEREAS, the City of Pueblo, Colorado, hereinafter called City, is in support
of, and has appropriated funds for the redevelopment of the Union Avenue Historic
Commercial District; and
WHEREAS, the Bella Union Partnership wishes to execute an option with, and
subsequently sell to, the City the property at 308 S. Union, the legal description
of which is: Lot 12 Block 58 in the Former Town of South Pueblo, now a part of
the City of Pueblo County of Pueblo State of Colorado; and
WHEREAS, the City has deemed it would be beneficial for future development
in the Union Avenue area for the City to execute an option and subsequently buy
the property at 308 S. Union;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO,
COLORADO, that:
Cortinn 1
The City Manager is authorized to execute an option with the Bella Union
Partnership on the property at 308 S. Union; and
Cortinn 7
The City Manager is authorized to purchase the property at 308 S. Union after
demolition of the structure and site clearance have been accomplished; and
Section 3.
The Director of Finance is hereby authorized to transfer $8,750 from
Account No. 002 - 1981 - 100 - 000 - 040 -2000, Projects to be Determined to Account
No. 002 - 1983 - 100 - 000 - 040 -2064, Purchase of 308 S. Union to accommodate this
transaction.
INTRODUCED Auril 25 , 1983
BY REIMAR VON KALBEN
COUNCILMAN
APPROVED:
SIDENT OF THE COUNCIL
ATTEST:
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