HomeMy WebLinkAbout10919
City Clerk's Office Item # R1
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: March 24, 2025
TO: President Mark Aliff and Members of City Council
CC: Mayor Heather Graham
VIA: Marisa Stoller, City Clerk
FROM: Carla Sikes, City Attorney
SUBJECT: AN ORDINANCE APPROVING, AND AUTHORIZING THE MAYOR TO
EXECUTE A CONTRACT TO BUY AND SELL REAL ESTATE BY AND
BETWEEN THE CITY OF PUEBLO, A COLORADO MUNICIPAL
CORPORATION, AND ERIKA ALMEIDA-TRUJILLO, FOR THE SALE OF
PROPERTY DESCRIBED AS 101 WEST RIVERWALK PLACE, UNITS
1A AND 1B WITHIN THE CITY OF PUEBLO
SUMMARY:
Attached for consideration is an Ordinance authorizing the Mayor to execute a Contract
to Buy and Sell Real Estate between the City of Pueblo and Erika Almeida-Trujillo for the
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
Erika Almeida-Trujillo has offered to purchase the ground floor condominium, Units 1A
and 1B, of 101 W. Riverwalk Place. Her intent is to open a Wellness Center with a
gym/smoothie shop in Unit 1A and a Rehabilitation/Wellness Center and ENT medical
clinic in Unit 1B. These businesses will be open to the public. The total purchase price
is $1,200,000 with $300,000 in concessions to be returned to the Buyer for necessary
tenant finish. The purchase price is consistent with an appraisal the City received on the
Property in January 2025. The sale is anticipated to close on or before June 26, 2025.
FINANCIAL IMPLICATIONS:
If approved, the City would receive a net total of $900,000 for the Property.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Ordinance.
STAKEHOLDER PROCESS:
Not applicable to this Ordinance.
ALTERNATIVES:
City Council could decide not to pass the attached Ordinance and thus, not purchase the
Property.
RECOMMENDATION:
Approval of the Ordinance.
ATTACHMENTS:
1. Contract to Buy and Sell Real Estate
ORDINANCE NO.10919
AN ORDINANCE APPROVING, AND AUTHORIZING THE
MAYOR TO EXECUTE A CONTRACT TO BUY AND SELL REAL
ESTATE BY AND BETWEEN THE CITY OF PUEBLO, A
COLORADO MUNICIPAL CORPORATION, AND ERIKA
ALMEIDA-TRUJILLO, FOR THE SALE OF PROPERTY
DESCRIBED AS 101 WEST RIVERWALK PLACE, UNITS 1A AND
1B WITHIN THE CITY OF PUEBLO
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The Contract to Buy and Sell Real Estate ("Contract") between the City of Pueblo, a
Colorado Municipal Corporation, and Erika Almeida-Trujillo, a copy of which is attached hereto,
having been approved as to form by the City Attorney, is hereby approved. The Mayor is hereby
authorized to execute said Contract for and on behalf of the City of Pueblo and the City Clerk's
Office is authorized to affix the seal of the City thereto and attest same.
SECTION 2.
The officers of the City are authorized to perform any and all acts consistent with this
Resolution to implement the policies and procedures described herein.
SECTION 3.
This Ordinance shall become effective immediately upon the date of final action by the
City Council and the Mayor.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on March 10, 2025.
Final adoption of Ordinance by City Council on March 24, 2025.
____________________________
President of City Council
Action by the Mayor:
Approved on _______________.
Disapproved on ______________ based on the following objections:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________________________
Mayor
Action by City Council After Disapproval by the Mayor:
Council did not act to override the Mayor's veto.
Ordinance re-adopted on a vote of ____________, on _____________
Council ac
____________________________
President of City Council
ATTEST
________________________________
City Clerk