RESOLUTION NO. 135-05

A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY

AT 725 STRUTHERS AVENUE FROM MARTHA ARCIERI AND LORRAINE WILLIAMS

Recitals.

A.  The City of Grand Junction has entered into a contract with Martha Arcieri & Lorraine Williams, for the purchase by the City of certain real property. The street address of the property is 725 Struthers Avenue and the Mesa County Assessor parcel number is 2945-231-234-11-001.

B.  The purchase contract provides that on or before July 20, 2005, the City Council must ratify the purchase and the allocation of funds for all expenses required to effectuate the purchase of the property.

C.  Based on the advice and information provided by the City staff, the City Council finds that it is necessary and proper that the City purchase the property at 725 Struthers Avenue.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION, COLORADO, THAT:

1.  The above described property shall be purchased for a price of $72,000. All actions heretofore taken by the officers, employees and agents of the City relating to the purchase of said property which are consistent with the provisions of the negotiated Contract to Buy and Sell Real Estate and this Resolution are hereby ratified, approved and confirmed.

2.  Said $72,000 is authorized to be paid at closing, in exchange for conveyance of the fee simple title to the described property.

3.  The officers, employees and agents of the City are hereby authorized and directed to take all actions necessary or appropriate to complete the purchase of the described property. Specifically, City staff is directed to effectuate this Resolution and the existing Contract to Buy and Sell Real Estate, including the execution and delivery of such certificates and documents as may be necessary or desirable to complete the purchase for the stated price.

PASSED and ADOPTED this 20^th day of July, 2005.

/s/: Bruce Hill

President of the Council

ATTEST:

/s/: Stephanie Tuin

City Clerk