HomeMy WebLinkAbout5376RESOLUTION NO. 5376
A RESOLUTION APPROVING AN AGREEX1 iIT BETW TIE
UNITED STATES OF AMERICA AND THE CITY OF PUEBLO,
A Mf1UNI CIP AL COQ ORATION, AND AUTHORIZING THE
PRESIDENT OF THE COUNCIL TO EXECUTE SAME,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, THAT:
SECTION 1.
AN AGRE , - T DATED APRIL 23, 1981 A COPY OF Y,'HICH IS
ATTACHED HERETO AND MADE A PART THEREOF BY REFERENCE AFTER HAVING BEEN
APPROVED AS TO FORM BY THE CITY ATTO L , BY AND BE :nM THE UNITED
STATES OF AM'IERICA AND THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, TO
ESTABLISH A SPECIAL AIRPORT I11PROVEMENT TRUST FUND IN THE AMOUNT OF
6136,000.00, BEING THE APPRAISED VALUE AND THE PROCEEDS OF THE SALE
OF 26.69 ACRES OF LAND, CONTAINED IN PARCEL A OF LAND LOCATED AT
PUEBLO MEMORIAL AIRPORT AND SOLD TO SPERRY CORPORATION.
SECTION 2.
;ITHIN FIVE YEARS OF THE DATE OF THE AGREEtfi IT THIS SUM
WILL BE EXPENDED FOR APPROVED AIRPORT DEVELOPMENT. IT IS UNDERSTOOD
AND AGREED THAT THIS 91OUNT hill NOT BE ELIGIBLE AS OWNER MATCHING
FUNDS FOR DEVELOPMENT UNDER TIE AIRPORT IWROVEM.ENT PROGRAMS (AIP).
SECTION 3.
THE PRESIDENT OF THE COUNCIL IS HEREBY AUTHORIZED TO EXECUTE
SAID AG +Z�ENT ON BEHALF OF PUEBLO, A MUNICIPAL CORPORATION, AND THE CITY
CLERK SHALL AFFIX THE SEAL OF THE CITY THERETO AND ATTEST THE SAME.
INTRODUCED APRIL 23, 1984
BY PAUL JONES
COUNCILMAN
APPROVED:
�i•
PRE'SIDEMIT OF THE COUNCIL
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This AGREEMENT made and entered into the 23 rd daffy of April , 1984,
by and between the UNITED STATES OF AMERICA, party of the first part, acting by
and through the Federal Aviation Administration, hereinafter referred to as the
FAA and the City of Pueblo, body politic under the laws of the State of Colorado,
hereinafter referred to as Owner.
WHEREAS, the United States of America on the 20th day of July, 1948 did
transfer certain property to the Owner by Quitclaim Deed, which property is
located on Pueblo Memorial Airport in the County of Pueblo, State of Colorado and
described on the attached Exhibit "A;" and
WHEREAS, the United States of America did issue 20 separate Grant Offers
and such offers were accepted by the Owner; and
WHEREAS, said Quitclaim Deed and the several Grant Agreements contained
reservations, restrictions, and conditions; and,
WHEREAS, Ovmer has requested the FAA to execute a Deed of Release, whereby
it would release the said described property from all the reservations,
restrictions, and conditions as set forth in the said Quitclaim Deed and Grant
Agreement Assurances; and
WHEREAS, the Owner intends to dispose of said land free and clear of the
reservations, restrictions, and conditions and receive other valuable
consideration therefore;
NOW, THEREFOR},, for and in consideration of the FAA's releasing of said
described land from said reservations, restrictions, and conditions, the Owner
hereby agrees as follows:
1. To expend a sum of $136,000.00, the Appraised Value of Parcel A, within
five (5) years after the date of execution of this Agreement for approved airport
development. It is understood and agreed that this amount will not be eligible as
Owner matching funds for development under the Airport Improvement Program (AIP).
2. To maintain accurate records of expenditures which will be in accordance
with accepted business practices and open for inspection by FAA at any time for
three years after the date of completion of the item.
3. To incorporate in any deed of transfer of such land any reservation or
restriction which is reserved or retained in the Deed of Release to protect
the rights and interests of the public in the airport and to preserve its use
as a safe and useable airfield.
IN WITNESS IMEMOF, The parties hereto have executed this Agreement
on the 23_ rd day of April. 1984.
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ITITPI'' S
CITY OF PUEBLO
A MNICIP AL CORPORATION
BY
PR DENT OF COUNCIL
TIFF UNITED STATES OF AKEMICA
J�
BY A
MANAGER, AIRPORTS DIVISION
FEDERAL AVIATION ADMINISTRATION
MIARTIM NT OF TRANSPORTATION
APPROVE) AS TO FORM :
CITY ATTORN