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HomeMy WebLinkAbout6266RESOLUTION NO. 6266 A RESOLUTION AUTHORIZING THE TRANSFER OF LAND FROM PUEBLO, A MUNICIPAL CORPORATION TO THE URBAN RENEWAL AUTHORITY OF PUEBLO WHEREAS, the City of Pueblo (the "City ") and the Urban Renew- al Authority of Pueblo, Colorado (the "Authority ") entered into a Cooperation Agreement dated August 25, 1986 relating to the Urban Renewal Plan for the Amended Phase One Urban Renewal Project for Downtown Pueblo, and WHEREAS, under said Cooperation Agreement the City agreed to transfer land in the Phase One Urban Renewal Project area to the Authority, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1 The Deed dated August 11, 1988 attached hereto and incorpor- ated herein and the execution of same for and on behalf of the City by the President of the City Council and the City Clerk is hereby approved, confirmed and ratified. �i"IT T/�hi 7 The sale of the land described in said Deed by the Authority for the purchase price of $393,750.50 pursuant to the Agreement For Disposition And Redevelopment dated November 11, 1987 between the Authority and Ross Investment Group - Pueblo, Ltd., as amended, is hereby approved, confirmed and ratified. All net proceeds received by the Authority from the sale of the land described in said Deed shall be delivered to the City and held by the Director of Finance in an Escrow Account under the name of "The Urban Renewal Authority of Pueblo - Escrow Account" for the purpose of reimbursing the City for costs and expenses advanced or incurred by the City in acquiring the land described in said Deed and in the making of public improvements including all engineering, survey and title insurance expenses relating thereto. ATTEST: Ci Clerk INTRODUCED: August 22, 1988 By DOUGLAS L. RING Councilman APPROVED: res'd nt of the tity Council TJ 30. 7 -2- �lOV R, >ception No. — --- �7 / 4 - - -- � Recorder. .. —. G Recorded at . _�� -__ -_ o'clock__ A_ -_M., -- 9=2408 PAGF1 THIS DEED, Made this llth day of August is 88 ,between Pueblo, a Municipal Corporation XKKObMtOMduly organized and existing under and by virtue of the laws of the State of Colorado of the first part, and Recorder's Stamp Urban Renewal Authority f Pueblo, Colorado, a body corporate and politic of the State of Colorado a /k /a Pueblo Urban Renewal Authorit whose legal address is 1 City Hall Place, Pueblo of the County of pueblo and State of Colorado of the second part: WITNESSETH, That the said party of the first part, for and in consideration of the sum of One Dollar And Other Good and Valuable Consideration M14XNATK s I to the said party of the first part in hand paid by the said part y of the second part, the receipt whereof is hereby confessed and acknowledged, has granted, bargained, sold and conveyed and by these presents does grant, bargain, sell, convey and confirm unto the said party of the second part, its s },ariZia sTgns forever, all of the following described lot or parcel of land, situate, lying and being in the County of Pueblo and State of Colorado, to wit: Lot 1, Block 1, Pueblo Center, Filing One CONSIDERATION: None Exempt also known as street and number Vacant Land TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining, and the reversion or reversions, remainders, rents, issues and profits thereof; and all the estate, right, title, interest, claim and demand whatsoever of the said party of the first part, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances. TO HAVE AND TO HOLD the said premises ulQ1b velr C i e nd described, with the appurtenances, unto the said 5� part y of the second part, its an assigns forever. And the said party of the first part, for itself, and its successors, does covenant, grant, bargain and agree to and with the said part y of the second part, its successors IYX and assigns, that at the time of the ensealing and delivery of these presents it is well seized of the premises above conveyed, as of a good, sure, perfect, absolute and indefeasible estate of inheritance, in law, in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and convey the same in manner and form aforesaid, and that the same are free and clear from all former and other grants, bargains, sales, liens, taxes, assessments and incumbrances of whatever kind or nature soever; general taxes for the year 1988 and restrictions, reservations, easements, covenants and rights of way or record and those certain matters as contained on the recorded plat of subject property and Subdivision Improve- ments Agreement relating thereto and the above bargained premises in the quiet and peaceable possession of the said part y of the second part rs successo its and assigns, against all and every person or persons lawfully claiming or to claim the whole or any part thereof, the said party of the first part shall and will WARRANT AND FOREVER DEFEND. IN T, 4 ,ES &WHER , The said party of the first part has caused its corporate name to be hereunto subscribed by jt�' r. Y dent, and its corporate seal to be hereunto affixed, attested by its City Clerk dAkk�nd year first above written. N o By J / O C 11 President STA COLORADO, ss. f` ' " County of Pti Ph 1 n The foregoing instrument was acknowledged before me this 11th day of Au g ust , Is 88 by Kenneth F. Hunter as City COuncilPresidentand NL .n ut . Marian D. Mead as City Clerk of s� too E �xa(x Pueblo, a Municipal Corporation. r .ic 3c My notarial commission expires September 8 1 +i�►' l� fitness m hand n :o a d a d official seal. +� s t ; U Y•, No. 4011. WARRANTY DEED — Corporation.— Bradford Publishing, 5825 W. 6th Ave., Lakewood, C080214—(303)233-6900— 12 -81