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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 s MD Dljh 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. -w 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