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HomeMy WebLinkAbout6425RESOLUTION N0. 6425 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: SECTION 1: AN AGREEMENT DATED AUGUST 14, 1989 A COPY OF WHICH IS ATTACHED HERETO AND MADE A PART THEREOF BY REFERENCE AFTER HAVING BEEN APPROVED AS TO FORM BY THE CITY ATTORNEY, BY AND BETWEEN THE UNITED STATES OF AMERICA AND THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, TO ESTABLISH A SPECIAL AIRPORT IMPROVEMENT TRUST FUND IN THE AMOUNT OF $15,000 BEING THE APPRAISED VALUE AND THE PROCEEDS OF THE SALE OF 1.64 ACRES OF LAND LOCATED AT PUEBLO MEMORIAL AIRPORT AND SOLD TO PUEBLO DEVELOPMENT FOUNDATION FOR USE BY AT &T TELECOMMUNICATIONS CENTER. SECTION 2: WITHIN FIVE YEARS OF THE DATE OF THE AGREEMENT, THIS SUM JILL BE EXPENDED FOR APPROVED AIRPORT DEVELOPMENT. IT IS UNDER- STOOD AND AGREED THAT THIS AMOUNT SILL NOT BE ELIGIBLE AS OWNER MATCHING FUNDS FOR DEVELOPMENT UNDER THE AIRPORT IMPROVEMENT PROGRAM (AIP). SECTION 3: THE PRESIDENT OF THE COUNCIL IS HEREBY AUTHORIZED TO EXECUTE SAID AGREEMENT ON BEHALF OF PUEBLO, A MUNICIPAL CORPORATION, AND THE CITY CLERK SHALL AFFIX THE SEAL OF THE CITY THERETO AND ATTEST THE SAME. INTRODUCED AUGUST 14,1989 BY DOUGLAS RING COUNCILMAN APPROVED: 7 IDENT OF THE CITY COUNCIL AGREEMENT THIS AGREEMENT made and entered into the 14th day of AUGUST 19 89 , by and between the UNITED STATES OF AMERICA, party of the first 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 26 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 of the reservations, restrictions, and consideration therefor; to dispose of said land free and clear conditions and receive other valuable 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 $15,900 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 the five (5) years are those projects described in the 1989 -1994 CIP. 2. To maintain accurate records of expenditures of the $15,900 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 comletion of the item. p 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 Its use as a safe and useable airfield. to preserve 2 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the 2nd day of August _ 1 091 BY i TH F. �UTEER Title ORESIDENT OF THE CITY COUNCIL ATTEST: (SEAL) y C CLERK CITf ATTORNEY WITNESSES THE UNITED STATES OF AMERICA By ( _ _ q�'r;Ky Manager, irport District Of oe Federal Aviation Administrati n Department of Transportation