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HomeMy WebLinkAbout6083RESOLUTION NO. 6 0 8 3 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: RW PTOIN l AN AGREEMENT DATED AUGUST 24, 1987 A COPY OF WHICH IS ATTACHED HERE'i'0 AND MADE A PART THEREOF BY REFERENCE AFTER HAVING BEEN APPROVED AS TO FORM BY THE CITY ATTORNEY, BY AND BETWEEN THE UNITED SPATES OF AMERICA AND THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, TO ESTABLISH A SPECIAL AIRPORT IMPROVEMENT TRUST FUND IN THE AMOUNT OF $117,250.00 BEING THE APPRAISED VALUE AND THE PROCEEDS OF THE SALE OF 16.46 ACRES OF LAND LOCATED AT PUEBLO MEMORIAL AIRPORT AND SOLD TO THE B, F. GOODRICH COMPANY, A NEW YORK CORPORATION. SECTION 2: WITHIN FIVE YEARS OF THE DATE OF 1= AGREEMENT, THIS SUM WILL BE EXPENDED FOR APPROVED AIRPORT DEVELOPMENT. IT IS UNDERSPOOD AND AGREED THAT THIS AMOUNT WILL NOT BE ELIGIBLE AS OWNER MATCHING FUNDS FOR DEVELOPMENT UNDER THE AIRPORT IMPROVEMENT PROGRAM (AIP) CFrTT0N 2 THE PRESIDENT OF THE COUNCIL IS HEREBY AUTHORIZED TO EXECUTE SAID AGREEMENT OiN BEHALF OF PUEBLO, A MUNICIPAL CORPORATION, AND THE CITY CLERK SHALL AFFIX THE SEAL OF THE CITY THERETO AND ATTEST THE SAME. INTRODUCED AUGUS 24, 1987 ATTEST: CI CLER.I� BY SAMUEL CORSENTINO COUNCILMAN AGREEMENT THIS AGREEMENT made and entered into the 24th day of August 19 87 , 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 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 $117,250.00 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) 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 $117,250 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. 2 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 24th day of August 19 87 . WITNESSES l' L Mari Mead CITY CLERK By M c el Occhiato Title RESIDENT OF THE CITY COUNCIL ATTEST: (SEAL) WITNESSES Thomas E. JafW City Attorney THE UNITED STATES OF AMERICA By .mss anager, irports istrict ffice Federal Aviation Administration Department of Transportation