HomeMy WebLinkAbout7324RESOLUTION NO. 7324
A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE UNITED STATES
OF AMERICA AND THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND
AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, THAT:
SECTION 1
An Agreement, a copy of which is attached hereto and made a part hereof 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 $56,500 being the appraised value and the proceeds
of the sale of 4.41 acres of land located at Pueblo Memorial Airport and sold to the Pueblo
Development Foundation.
SECTION 2
Within five years of the date of the Agreement, this sum will be expended for approved 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).
SECTION 3
The President of the Council is hereby authorized to execute said Agreement on behalf of the
City of Pueblo, a Municipal Corporation, and the City Clerk shall affix the Seal of the City
thereto and attest the same.
INTRODUCED March 28, 1994
ATTEST:
BY FAY KASTELIC
Councilperson
APPROVED:
C Clerk *es of City Council
AGREEMENT
THIS AGREEMENT made and entered into the _�h day of
u 19 , by and between the UNITED STATES OF
AMERI A, party of the first part, 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 29
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 to dispose of said land free
and clear of the reservations, restrictions, and conditions and
receive other valuable consideration therefor;
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 $56,500 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 1995 -2000 Airport Capital Program (ACP).
2. To maintain accurate records of expenditures of the
$56,500 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 completion of the item.
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 to preserve its use as a safe and useable
airfield.
IN WITNESS WHEREOF, the parties hereto have executed this
2
Agreement on the -q 7-- day of f'7ZO/-/ , lg .
CITY OF PUEBLO, COLORADO
By
T t BSI DENT OF 7h CDUNGr /
ATTEST:
(SEAL)
Ci y Clerk
City Attor e
THE UNITED STATES OF AMERICA
B
Manager, Airport District Office
Federal Aviation Administration
Department of Transportation