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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/07/2003 - RESOLUTION 2003-108 AUTHORIZING THE LEASE OF CITY- AGENDA ITEM SUMMARY ITEM NUMBER: 26 FORT COLLINS CITY COUNCIL DATE: October 7, 2003 STAFF: Helen Matson SUBJECT: Resolution 2003-108 Authorizing the Lease of City-Owned Property at 110 North Howes Street. RECOMMENDATION: Staff recommends adoption of the Resolution. FINANCIAL IMPACT: Rent collected from this lease will result in approximately $6,930 in unanticipated revenue to Operation Services. Tenant will pay all expenses for utilities,janitorial and taxes. EXECUTIVE SUMMARY: The City and the County purchased the property located at 110 North Howes Street as part of the Block 31 purchases. Consistent with the Intergovernmental Agreement dividing Block 31, the County's interest in this property was quit claimed to the City. The County's Risk Management Department was the last occupant of this building and vacated the building two years ago. This space, which is 693 square feet in size, has been considered for other City users,but a current need has not been identified. Staff has shown the space to a private business and negotiations are continuing. Staff recommends leasing this site until this area of Block 31 is needed for future improvements. RESOLUTION 2003-108 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE LEASE OF CITY-OWNED PROPERTY AT 110 NORTH HOWES STREET WHEREAS, the City of Fort Collins is the owner of property at 110 North Howes Street, Fort Collins, Larimer County, Colorado (the "Property"); and WHEREAS, the Property was purchased as part of the acquisition of Block 31 and there is not a specific current use identified for this Property; and WHEREAS, the City desires to lease this Property for a term of one year, with the City having the option to renew for an additional year, at an annual rate of at (east $6,930; and WHEREAS, the lease of the Property is beneficial in that it will generate revenue and will provide for the occupation of the Property; and WHEREAS, under Section 23-114 of the Code of the City of Fort Collins, the Council is authorized to lease any and all interests in real property owned in the name of the City,provided that Council first finds that the lease is in the best interests of the City. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the Council hereby finds that the lease of the Property at 110 North Howes Street as provided herein is in the best interests of the City. Section 2. That the City Manager is hereby authorized to execute a lease agreement for the Property, consistent with the terms of this Resolution, together with such additional terms and conditions as the City Manager, in consultation with the City Attorney,determines to be necessary and appropriate to protect the interests of the City. Passed and adopted at a regular meeting of the City Council held this 7th day of October, A.D. 2003. Mayor ATTEST: City Clerk Location Map 110 N. Howes St. - I L Z o LAPORTE AVE r O D m H i i Gv ❑ 110 N.Howes St. i u � ❑ Ll f J W MOUNTAIN AVE 11 � L_ 1 ! - w o C L O r II m i W OAK ST i O N Feet City of Fort Collins 0 125 250 500