According to the oral tradition maintained by the inhabitants of Olmedo, the páramos were full of cattle and there was an abundant agricultural production, especially located in the plains of San Pablo Urco, from where the food was transported, "happening a series of adventures" , To commercialize them in the populations of Cayambe, Guayllabamba and Quito. The main agricultural and cattle ranch was "Pesillo", in which the comuneros were subjected to hard exploitation because, according to the natives, "we lived
And we had to work for the favor they gave us by lending us land to live "(huasipungo)
Pre-parochial activities began on January 5, 1901; The inhabitants considered the need to grant life and independence to the jurisdiction of Pesillo, as a fundamental point for its development. Since the beginning of this initiative, Name of the illustrious Guayaquil, José Joaquín de Olmedo was considered to baptize the nascent parish.
The procedures for the government to approve the ordinance of the Municipal Council of Cayambe that creates the parish Olmedo lasted 10 years, until September 26, 1911 when the community of Pesillo was decreed and registered as Olmedo Parish..
Oficial Name: Olmedo
Data of fundation: 26 of September of 1911
Population: 6.772 hab
Height: 2.800 m.s.n.m.