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City Clerk's Office Item # R9
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: April 28, 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 AN OPTION TO PURCHASE AGREEMENT BETWEEN THE
CITY OF PUEBLO, A COLORADO MUNICIPAL CORPORATION AND
THE PUEBLO ECONOMIC DEVELOPMENT CORPORATION, A
COLORADO NONPROFIT CORPORATION, RELATING TO A FUTURE
JOB CREATING CAPITAL IMPROVEMENT PROJECT
SUMMARY:
Attached is an Ordinance approving and authorizing the Mayor to sign an Option to
relating to a future job creating capital improvement project.
PREVIOUS COUNCIL ACTION:
Not applicable to this Ordinance.
BACKGROUND:
PEDCO is currently in confidential negotiations with an out-of-state corporation which is
considering the construction of a large manufacturing facility to be located in the St.
Charles Industrial Park. The prospective employer has asked for assurances from
PEDCO and the City that if the Pueblo site is selected, 300 acres of land will be available
in the St. Charles Industrial Park for construction of the manufacturing facility.
FINANCIAL IMPLICATIONS:
The attached agreement gives PEDCO a 180 day option to purchase 300 acres of land
located in the St. Charles Industrial Park for its appraised value, provided that the land
is subsequently transferred to an employer who will provide primary jobs to local
residents to be set forth in an Employment Agreement acceptable to the Mayor and City
Council.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Ordinance.
STAKEHOLDER PROCESS:
Not applicable to this Ordinance.
ALTERNATIVES:
A no-action alternative may cause the prospective employer to select another site for its
manufacturing facility.
RECOMMENDATION:
The PEDCO board recommends approval of this Ordinance.
ATTACHMENTS:
1. Option to Purchase Real Estate Agreement
ORDINANCE NO. 10936
AN ORDINANCE APPROVING AND AUTHORIZING THE MAYOR
TO EXECUTE AN OPTION TO PURCHASE AGREEMENT
BETWEEN THE CITY OF PUEBLO, A COLORADO MUNICIPAL
CORPORATION AND THE PUEBLO ECONOMIC
DEVELOPMENT CORPORATION, A COLORADO NONPROFIT
CORPORATION, RELATING TO A FUTURE JOB CREATING
CAPITAL IMPROVEMENT PROJECT
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
dated April 28, 2025 between the City
of Pueblo and the Pueblo Economic Development Corporation, a copy of which is attached hereto
and incorporated herein by this reference, having been approved as to form by the City Attorney,
is hereby approved. The Mayor is authorized to execute and deliver said Agreement in the name
of the City and the City Clerk is authorized to affix the seal of the City thereto and attest same.
SECTION 2.
The officers and staff of the City are authorized to perform any and all acts consistent with
this Ordinance and the attached Agreement which are necessary or appropriate to implement the
transactions described therein.
SECTION 3.
This Ordinance shall become effective on the date of final action by the Mayor and City
Council.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on April 14, 2025.
Final adoption of Ordinance by City Council on April 28, 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 _____________
veto.
____________________________
President of City Council
ATTEST
________________________________
City Clerk