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HomeMy WebLinkAbout6186RESOLUTION NO. 6186 A RESOLUTION AUTHORIZING THE EXECUTION OF A QUIT CLAIM DEED TRANSFERRING LAND FROM THE CITY OF PUEBLO TO THE PUEBLO URBAN RENEWAL AUTHORITY BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1 The Quit Claim Deed dated May 9, 1988, attached hereto and incorporated herein, transferring Lots 1 and 2, Block 1, Pueblo Center, Filing One, to the Pueblo Urban Renewal Authority, is hereby approved subject to the following: (a) The net purchase price received by the Pueblo Urban Renewal Authority from the sale of the property described in said Deed shall immediately upon receipt thereof by the Pueblo Urban Renewal Authority be paid to the City. (b) The Pueblo Urban Renewal Authority selling and transfer- ring Lot 1, Block 1, Pueblo Center, Filing One to Ross Investment Group - Pueblo Ltd. for the purpose of constructing thereon a three (3) story office building containing approximately 27,000 square feet of rentable area and for a purchase price of not less than $6.00 per square foot payable as follows: one -half thereof in immediately available funds and the balance in ten (10) equal annual installments. (c) Pueblo Urban Renewal Authority shall not sell or transfer Lot 2, Block 1, Pueblo Center, Filing One, without the prior approval of the City. eVnmrnM I The President of the City Council is authorized to execute the Deed for and on behalf of the City. The City Clerk is directed to affix the seal of the City thereto, attest same, and cause the Quit Claim Deed to be recorded in the office of the County Clerk and Recorder of Pueblo County, Colorado. INTRODUCED: May 9, 1988 By MIKE SALARDI Councilman ATTEST: APPROVED: Cl y Clerk r sident of the City Council -2- Recorded at /-- 5 o'clock M., MAY 18 988 �O 0 G Reception No. _ TH IS DEED, Made this 9th day of May ' 19 88, between Pueblo, a Municipal Corporation Recorder. I a corporation -duly organised and existing under and by virtue of the laws of the State of Colorado, of the first part and Pueblo Urban Renewal Authority organized and existing under the laws of the State of Colorado. whow•ielfal address ix 1 City Hall Place, Pueblo, Colorado 81003 of the County of Pueblo i State of Colorado, of the second part, WITNRiMBlETRR, That the said party of the first part, br and in eonsitlera- tionofthesumof Ten Dollars and other good and valuable consideration +' Rai• to the said party of the first part in hand paid by the said par/ of the second part, the receipt when*( is hereby confessed and acknowledged, bath remised, released, sold, conveyed and QUIT CLAIMED, and by the" pr dothg remise, release, sell, convey and QUIT CLAIM unto the said part Y of the second part, i t S 5 U um ind assigns forever, all the right, title, interest, claim and demand which the said party of the first part bath in and to the following described property situate, lying and being in the County of P U e b 1 0 and State of Colorado, to wit: Lots 1 and 2, Block 1, Pueblo Center, Filing One i Documentary Fee: Exempt also known asstreetandnumber West First Street and Union Avenue, Pueblo, CO TO HAVE AND TO MOLD the same, together with all and singular the appurtananees and privileges thereunto belonging, or in anywise thereunto appertaining, and all the estate, right, title. interest and claim whatsoever, of the said party of the first ar � either in law or equity, to the only proper use, benefit and behoof of said party of the second part, its S 4>��li Jtinns forever. IN W W,#EIMF. The said party of the first part bath caused its corporate nom* to be hereunto subscribed ident and its corporate seal to be hereunto affixed. attested by its Ci C 1 e r k first above written. * of the C Counc I Soeretary. PUEBLO, A MUNICIPAL CORPORATION I 'i r sid 6f the Ci auiw - 7r V:PATATE OF COLORADO M. county of Pueblo The bregoing instrument was acknowledged before me this dayof 19 &8,,, *"k•° Yteth Hunter as President of the City sia ,.r'�a iA 11 and Marian D. Mead as City Clerk of t a P ePA0w, , F a ,Municipal Corporation. ,* C t t3 A May' �a fieoatlsupeE Ne. lAa-B. -- - - No"" Pour _ psesdow firs Bradford Fublishina Co., Denver, Colorado — I1 - . W I :y