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HomeMy WebLinkAbout05569RESOLUTION NO. 5569 A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND AUTHORIZING THE PRESIDENT OF THE COUNCIL TO EXECUTE SAME BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO, COLORADO, that: SECTION 1. An Agreement dated April 11, 1985 a copy of which is attached hereto and made a part hereof by reference after having been approved as to form by the City Attorney, by and between the United States of America and the City of Pueblo, a Municipal Corporation, to establish a Special Airport Improvement Trust Fund in the amount of $210,000.00, being the appraised value and the proceeds of the sale of 84 acres of land located at Pueblo Memorial Airport and sold to the Target Company. SECTION 2. Within five (5) years of the date of the agreement, this sum will be expended 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). SECTION 3. The President of the Council is hereby authorized to execute said Agreement 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 11, 1985 By PAUL JON Council n 7 APPROVED: P ident e City Council / ,25 i y T AGREEMENT THIS AGREEMENT made and entered into the /� day of 19� 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 and described as on the attached Exhibit "A "; and, WHEREAS, the United States of America did issue 21 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, Owner 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 therefor; NOW, THEREFORE, 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 $210,000.00 within five (5) years after the date of execution of this agreement for 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). Projects to be accomplished during this five (5) years are those projects described in the 1984 -87 AIP application and updated annually. 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 WHEREOF, the parties hereto have executed this Agreement on the // day of da4 a- 19 a-)- WITNESSES (SEAL) B Title f2F5' iPFA/'i dF 77`f C'OU n/CI& ATTEST: APPROVED: City Attorney WITNESSES THE UNITED STATES OF AMERICA By Manager, Airports Division Federal Aviation Administration Department of Transportation -2-