HomeMy WebLinkAbout6048RESOLUTION NO. 6048
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 CITY COUNCIL TO EXECUTE SAME,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, THAT:
SECTION 1:
AN AGREEMENT DATED JUNE 22. 1987 A COPY OF WHICH IS
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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 SPEICAL AIRPORT IMPR0V12E NT TRUST FUND IN THE AMOUNT OF $196,000.00
BEING THE APPRAISED VALUE AND THE PROCEEDS OF THE SALE OF 27,56 ACRES
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INC., A DELAWARE CORPORATION LOCALLY KNOWN AS TRANE COMPANY.
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WITHIN FIVE YEARS OF THE DATE OF THE AGREEMENT, THIS SUM WILL
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THAT THIS AMOUNT WILL NOT BE ELIGIBLE AS OWNER MATCHING FUNDS FOR DEVELOP-
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SECTION 3:
THE PRESIDENT OF THE COUNCIL IS HEREBY AUTHORIZED TO EXECUTE SAID
AGRERMU ON BEHALF OF PUEBLO, A MUNICIPAL CORPORATION, AND THE CITY CLERK
SHALL AFFIX THE SEAL OF THE CITY THERETO AND ATTEST THE SAME.
ATTEST:
CI
INTRODUCED JUNE 22, 1987
By SAMUEL CORSENTINO
C0UNCILMAN - - -
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AGREEMENT
THIS AGREEMENT made and entered into the 22nd day of June
AM
19 87 , by and between the UNITED STATES OF ERICA, 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 on the attached Exhibit "A ";
and,
WHEREAS, the United States of America did issue 24 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 $196,000 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) or successor programs. Projects to be accomplished during this
five (5) years are those projects listed in the April 30, 1987 letter
from Raymond Monroe to Harold Rugg, said list to be updated annually.
2. To maintain accurate records of expenditures of the $196,000
sum, 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.
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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 THEREOF, the parties hereto have executed this Agreement
on the 22nd day of JUNE 1 19 87 -
WITNESSES
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MI Ck�EL OCCHIATO
PRESID= OF E CO UNCIL
ATTEST:
(SEAL)
WITNESSES
THCUAS E. JAGGER
City Attorney
THE UNITED STATES OF AMERICA
By
Manager, Airports District Office
Federal Aviation Administration
Department of Transportation
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