HomeMy WebLinkAbout5195RESOLUTION NO. 5195
A RESOLUTION AUTHORIZING THE TRANSFER OF
FUNDS FROM THE UNRESTRICTED FUND BALANCE
ACCOUNT TO THE CAPITAL IMPROVEMENT ACCOUNT
FOR AIRPORT IMPROVEMENTS
WHEREAS, the City Council is interested in improving
the Pueblo Memorial Airport, and,
WHEREAS, the additional funds are needed for construction
of two speck buildings, one 25,000 sq. ft. and the other one,
50,000 sq. ft., and,
WHEREAS, there is also a need for the improvement of the
Pueblo Memorial Airport Terminal Building; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO,
COLORADO, that:
SECTION 1.
The Director of Finance is hereby Authorized to make the
following Transfer of Funds:
FROM AMOUNT
001 - 7090 Unrestricted.Fund Balance $860,000
TO AMOUNT
002 -1983 50,000 sq. ft. Bldg. 1 $500,000
002 -1983 25,000 sq. ft. Bldg. 2 $250,000
002 -1983 Airport Terminal $110,000
INTRODUCED July 25 , 1983
BY MIKE OCQHTATQ
Councilman
APPROVED:
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P resident of the Council
ATTEST:
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July 19, 1983
City of Pueblo
Board of Directors
Pueblo Development
Foundation, Inc.
Pueblo, Colorado
Re: Buildings at Pueblo Memorial Airport
Gentlemen:
The City of Pueblo does hereby designate Pueblo Development
Foundation, Inc., a Colorado nonprofit corporation, its agent
with authority to immediately construct or cause the construc-
tion of two buildings at Pueblo Memorial Airport upon ground
owned by the City. The cost of constructing the buildings
will be solely that of the City. The two buildings will be
constructed at a cost not to exceed $10.00 per square foot
in accordance with plans and specifications approved by the
City Manager. The buildings will be located on such of the
City's property as shall be designated by the City Manager.
The two buildings will consist of 25,000 square feet and
50,000 square feet respectively and will be what is generally
termed "shell speculation" buildings for the use by business
or industry desiring to locate at Pueblo Memorial Airport.
Upon construction of the buildings it is the intention
of the City to either enter into a management agreement with
Pueblo Development Foundation, Inc. to manage the buildings
for the City or transfer the land and buildings to Pueblo
Development Foundation, Inc. with the understanding that
all net income derived by Pueblo Development Foundation,
Inc. from the lease or sale of the buildings will be used
solely for further development of the business - industry
area of Pueblo Memorial Airport.
If the foregoing designation as agent for the City is
acceptable to the Pueblo Development Foundation, Inc., please
sign your acceptance thereof set forth below and return the
original to the City.
City of Pueblo,
a Municipal Corporation
By Melvin H. Takaki, D.D.S.
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President of the City Council
4
A 098
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P.O. Box 1427 Pueblo, Colorado 81002
Board of Directors -2- July 19, 1983
Acceptance
Pueblo Development Foundation, Inc., a Colorado nonprofit
corporation, does hereby accept the designation as agent of the
City of Pueblo for the above above purposes .
Signed this 12 4 = day of July, 1983.
[Seal]
ATTEST:
Pueblo Development Foundation, Inc.